W Week Ahead

Week Ahead: FOMC Meeting, U.S. and Eurozone GDP, Eurozone CPI, EU Emergency Meeting on Energy, Biden/Xi Meeting

25 July, 2022

Key Macro Events

🇨🇳 China’s Politburo is likely to meet some time later in the week – Bloomberg (from 25)

🇬🇧 A debate is set to take place between the UK’s final Conservative Party leadership candidates, Rishi Sunak and Liz Truss – Bloomberg (25)

🇩🇪 July IFO (25)

🇺🇸 🌏 The United States will host a virtual meeting on Tuesday of officials representing the 14 countries that have joined the Indo-Pacific Economic Framework, as Washington seeks to expand its engagement with Asia – Reuters

🇯🇵 Bank of Japan releases minutes from its June meeting (26)

🇪🇺 EU energy ministers plan to hold an emergency meeting to discuss improving the bloc’s contingency plans – Bloomberg (26)

🌎 IMF Economic Outlook Update (26) ➡ GDP Forecasts will be revised downward especially for 2022

🇺🇸 June New Home Sales (26)

🇺🇸 June Conf. Board Consumer Confidence (26)

🇺🇸 EIA crude oil inventory report (27)

🇺🇸 FOMC rate decision and Powell news conference (27)

🇪🇺 July Economic Confidence (28)

🇺🇸 2Q GDP first estimate (28) ➡ A negative print would push the U.S. economy into technical recession. On Sunday, Treasury Secretary Yellen prepared the ground for a negative print.

🇪🇺 ECB Governing Council member Ignazio Visco speaks at LC-MA Forum – Bloomberg (28)

🇺🇸 🇨🇳 Biden is expected to speak with Xi – Bloomberg (28)

🇪🇺 July CPI (29)

🇪🇺 2Q GDP first estimate (29)

🇺🇸 June Personal Income and Spending (29)



Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w29

What happened in the World Economy last Week – in charts – w29 (Bloomberg)

*Note: Previous reports can be found here