Waller, Lagarde and 3 Others Speak as Markets Await US CPI and ISM at 54.0
Updated
Updated · investinglive.com · Jul 6
Waller, Lagarde and 3 Others Speak as Markets Await US CPI and ISM at 54.0
3 articles · Updated · investinglive.com · Jul 6
Summary
Five central bank officials — Fed Governor Christopher Waller, ECB's Isabel Schnabel, Christine Lagarde and Philip Lane, and BoE's Catherine Mann — are due to speak Monday as trading stays largely in consolidation mode.
US ISM services is expected at 54.0 versus 54.5 previously, while next Tuesday's US CPI report is seen carrying more weight for rate expectations than the recent nonfarm payrolls data.
Eurozone retail sales and PPI are the main European releases, but the report says they are too low-tier to shift the ECB outlook and are likely to draw only muted market reaction.
S&P Global's US PMI survey showed a slight services uptick but described growth as subdued, citing customer resistance to high prices and low consumer confidence, while noting June input-cost inflation cooled partly on lower energy prices.
The speeches land ahead of Wednesday's FOMC minutes, which investors will parse for Fed Chair Kevin Warsh's early policy thinking after the June decision to hold rates at 3.50%-3.75%.