Disappointing US monthly employment report simply crashed the chances of US Fed Rate hike in June. None believes that Federal Reserve will announce the long expected changes in Fed Rate on June 15. On Monday, Janet Yellen will speak about the economic outlook and monetary policy in Philadelphia. Yellen supposedly will comment the recent plunge in the Non-Farm Employment change and will give clues about the Fed’s monetary policy intentions in the coming weeks.
(All times are GMT)
On Monday, at 4:30pm Federal Reserve Chair Janet Yellen speaks about the economic outlook and monetary policy at the World Affairs Council of Philadelphia’s luncheon.
On Tuesday, at 4:30am, Reserve Bank of Australia will announce Cash Rate – short term interest rates. And as usually, Rate Statement from Reserve Bank of Australia will follow.
On Wednesday, at 8:30am Manufacturing PMI (Purchasing Managers’ Index ) in Great Britain will be released by Markit.
At 2:30pm Crude Oil Inventories will be provided by US Energy Information Administration.
At 9:00pm Official Cash Rate and RBNZ Rate Statement will be issued by Reserve Bank of New Zealand.
At 11:00pm Reserve Bank of New Zealand Governor Graeme Wheeler holds a quarterly press-conference, scheduled at every other Official Cash Rate announcement.
On Thursday, at 1:10am RBNZ Governor Graeme Wheeler testifies on the Monetary Policy Statement before the Finance and Expenditure Select Committee, in Wellington.
At 7:00am European Central Bank (ECB) president Mario Draghi speaks at the Brussels Economic Forum.
At 12:30pm US Department of Labor will announce number of Unemployment Claims – the number of individuals who filed for unemployment insurance for the first time during the past week.
At 3:15pm Bank of Canada (BOC) Governor Stephen Poloz holds a press conference about the Financial System Review, in Ottawa.
On Friday, at 12:30pm, Statistics Canada will announce Employment Change and Unemployment Rate.
At 2:00pm University of Michigan (UoM) will release results of Prelim UoM Consumer Sentiment based on survey of about 500 consumers.
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