W Week Ahead

Week Ahead: BOE, ECB and Fed Speakers; EC Spring Forecasts; G-7 Leaders Summit; US Data; Debt Ceiling Talks

15 May, 2023
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Key Macro Events

🇫🇷 France, president Emmanuel Macron hosts the Choose France summit to promote inward investment in the country – FT (15)

🇩🇪 German Chancellor Olaf Scholz speaks at the Global Solutions Forum in Berlin – Bloomberg (15)

🇪🇺 March Industrial Production (15) ➡ My proxies suggest it should surprise downward

🇪🇺 ECB Governing Council member Joachim Nagel gives monetary-policy speech in Frankfurt – Bloomberg (15)

🇪🇺 European Commission releases spring economic forecasts (15)

🇬🇧 Bank of England chief economist Huw Pill speaks about the bank’s monetary policy report in live Q&A – Bloomberg (15)

🇺🇸 May Empire Manufacturing (15)

🇺🇸 Atlanta Fed President Raphael Bostic delivers welcoming remarks at his bank’s annual financial markets conference at Amelia Island, Florida – Bloomberg (15)

🇺🇸 Chicago Fed President Austan Goolsbee is interviewed on CNBC – Bloomberg (15)

🇺🇸 Minneapolis Ped President Neel Kashkari takes part in a moderated discussion at the ACEC’s Minnesota Transportation Conference & Expo, St. Paul, Minnesota – Bloomberg (15)

🇺🇸 Fed Governor Lisa Cook delivers a commencement address at the U.C. Berkeley Spring 2023 Economics Commencement in Berkeley, CA – Bloomberg (15)

🇦🇺 RBA Minutes (16)

🇨🇳 April Industrial Production, Retail Sales, FAI (16)

🇪🇺 Belgium, Economic and Financial Affairs Council (Ecofin) meeting of EU finance ministers in Brussels – FT (16)

🇪🇺 ECB Governing Council member Gabriel Makhlouf gives keynote address at Global Interdependence Center’s Central Banking Series in Dublin – Bloomberg (16)

🇪🇺 ECB President Chirstine Lagarde gives laudatio for conferral of State Prize of North Rhine-Westphalia to Angela Merkel in Cologne – Bloomberg (16)

🇪🇺 1Q GDP second estimate (16)

🇬🇧 April Employment Report (16)

🇺🇸 President Joe Biden, House Speaker Kevin McCarthy and other congressional leaders are planning to meet Tuesday to discuss budget negotiations to avoid a default – Bloomberg (16)

🇺🇸 April Retail Sales (16)

🇺🇸 April Industrial Production (16)

🇺🇸 May NHAB (16)

🇺🇸 Cleveland Fed President Loretta Mester speaks on the economic and policy outlook at event hosted by the Central Bank of Ireland in Dublin – Bloomberg (16)

🇺🇸 Fed Vice Chair for Supervision Michael Barr testifies before the House Financial Services Committee in its Semiannual Hearing on Supervision and Regulation – Bloomberg (16)

🇺🇸 New York Fed President John Williams discusses the economy and monetary policy at an event hosted by University of the Virgin Islands – Bloomberg (16)

🇺🇸 Atlanta Fed President Raphael Bostic and Chicago Fed President Austan Goolsbee speak on the economic outlook during Atlanta Fed’s annual financial markets conference at Amelia Island, Florida – Bloomberg (16)

🇺🇸 Dallas Fed President Lorie Logan moderates a panel discussion at the Atlanta Fed’s Financial Markets Conference in Amelia Island, Florida – Bloomberg (16)

🇺🇸 🇨🇳 US, secretary of state Antony Blinken, defence secretary Lloyd Austin and commerce secretary Gina Raimondo to testify at Senate appropriations committee hearing on the US-China relationship – FT (16)

🇨🇳 April property prices (17)

🇪🇺 ECB Governing Council member Pablo Hernandez de Cos speaks at opening of 18th IESE Banking: Navigating the wave of inflation – Bloomberg (17)

🇪🇺 ECB Executive Board member: Frank Elderson participates in panel “Beyond GDP indicators” at Beyond Growth Conference 2023 – Bloomberg (17)

🇪🇺 Bank of Portugal Governor Mario Centeno speaks at a press conference about the Bank of Portugal’s 2022 annual report – Bloomberg (17)

🇪🇺 ECB Vice President Luis de Guindos delivers closing speech at 18th IESE banking industry meeting on “Banking Navigating the Wave of Inflation,” in Madrid – Bloomberg (17)

🇪🇺 ECB Governing Council member Olli Rehn gives speech on Finland’s economy, payment and crisis resilience – Bloomberg (17)

🇪🇺 April CPI Final Estimate (17)

🇬🇧 BOE Governor Andrew Bailey delivers keynote speech at the British Chamber of Commerce annual conference – Bloomberg (17)

🇺🇸 April Housing Starts and Building Permits (17)

🇬🇧 Bank of England chief economist Huw Pill delivers opening remarks at the CCBS Macro-finance workshop 2023 – Bloomberg (18)

🇬🇧 Andrew Bailey, Ben Broadbent and Dave Ramsden speak to the Treasury Select Committee hearing on Quantitative Tightening, held at the Bank of England – Bloomberg (18)

🇺🇸 April Existing Home Sales (18)

🇺🇸 Fed Governor Philip Jefferson gives a speech on the economic outlook at the National Association of Insurance Commissioners (NAIC) International Insurance Forum in Washington, DC – Bloomberg (18)

🇺🇸 Fed Vice Chair for Supervision Michael Barr testifies before the Senate Banking Committee in its Semiannual Hearing on Supervision and Regulation – Bloomberg (18)

🇺🇸 Dallas Fed President Lorie Logan gives speech, followed by moderated Q&A, at Texas Bankers Asccoiation’s annual convention in San Antonio, TX – Bloomberg (18)

🇺🇸 Bitcoin 2023 conference in Miami (18 through 20)

🌎 Group of Seven leaders meet in Hiroshima. US President Joe Biden said he could cancel his travel to the G-7 summit if debt ceiling negotiations with Congress “got down to the wire.” – Bloomberg (19 through 21)

🇪🇺 ECB Executive Board member Isabel Schnabel gives speech at Conference on Financial Stability and Monetary Policy in London – Bloomberg (19)

🇪🇺 ECB President Christine Lagarde and Governing Council member Pablo Hernandez de Cos participate in panel at Brazil central bank conference on post-pandemic challenges – Bloomberg (19)

🇬🇧 Bank of England policymaker Jonathan Haskel delivers speech at Economic Statistics Centre of Excellence Conference – Bloomberg (19)

🇺🇸 New York Fed President John Williams delivers keynote address at monetary policy research conference in Washington commemorating legacy of economist Thomas Laubach. Fed Chair Jerome Powell and former chair Ben Bernanke to take part in panel discussion at conference – Bloomberg (19)

🇺🇸 Fed Governor Michelle Bowman takes part in a discussion at the Texas Bankers Association Annual Convention in San Antonio, TX – Bloomberg (19)

Earnings

Previews

Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w19

What happened in the World Economy last Week – in charts – w19 (Bloomberg)


*Note: Previous reports can be found here