Week Ahead: U.S. CPI; U.S. and Canada Senior Loan Officer Opinion Surveys; Debt Ceiling Discussions; BOE Meeting; China CPI & PPI

Key Macro Events

🇬🇧 UK bank holiday honoring coronation of Charles III (8)

🌏 Meeting on Indo-Pacific trade pact in Singapore (8)

🇪🇺 ECB Chief Economist Philip Lane speaks at Forum New Economy conference in Berlin – Bloomberg (8)

🇺🇸 1Q Fed Senior Loan Officer Opinion Survey (8)

🇺🇸 Fed releases May 2023 Financial Stability Report (8)

🇺🇸 Minneapolis Fed President Neel Kashkari moderates a panel discussion on minimum wage increases – Bloomberg (8)

🇪🇺 ECB Governing Council member Olli Rehn speaks at Bank of Finland event on digital euro – Bloomberg (9)

🇪🇺 Bank of Portugal Governor Mario Centeno speaks at a conference about the framework law for Portuguese regulators. Fundacao Oriente – Bloomberg (9)

🇪🇺 ECB Chief Economist Philip Lane participates in panel at IMF event ‘Europe’s Balancing Act: Taming inflation without a recession’ in Berlin – Bloomberg (9)

🇪🇺 ECB’s Vasle, Vujcic Speak – Bloomberg (9)

🇪🇺 ECB Executive Board member Isabel Schnabel gives lecture at Hessischer Kreis – Bloomberg (9)

🇺🇸 Fed Governor Philip Jefferson takes part in a virtual conversation with the Atlanta Black Chamber – Bloomberg (9)

🇺🇸 New York Fed President John Williams speaks to Economic Club of New York – Bloomberg (9)

🇺🇸 President Joe Biden scheduled to meet with congressional leaders on debt limit. Treasury Secretary Janet Yellen has said the US government risked default as soon as June 1 – Bloomberg (9)

🇮🇹 Italy’s Istat releases monthly economic note – Bloomberg (10)

🇪🇺 ECB Governing Council member Mário Centeno makes closing remarks at a conference in Lisbon on “Digital Financial Literacy: a Strategy for Portugal.” – Bloomberg (10)

🇺🇸 April CPI (10)

🇺🇸 US Senate Commerce, Science, and Transportation Committee to vote on bipartisan legislation to bolster rail safety regulations after Ohio chemical train disaster – Bloomberg (10)

🌎 Group of Seven finance minister and central bank governors meet in Niigata, Japan, through May 13 – Bloomberg (from 11)

🇩🇪 🇨🇳 🇯🇵 German Finance Minister Christian Lindner begins five-day trip to Japan and China – Bloomberg (11)

🇨🇳 April CPI & PPI (11)

🇯🇵 Bank of Japan issues Summary of Opinions from April monetary policy meeting – Bloomberg (11)

🇪🇺 ECB Governing Council member Pablo Hernandez de Cos participates in IV Foro Internacional de Expansión – Bloomberg (11)

🇪🇺 ECB Executive Board member Isabel Schnabel gives talk at scientific advisory board of Germany’s Finance Ministry – Bloomberg (11)

🇪🇺 ECB Governing Council member Pablo Hernandez de Cos delivers closing remarks at IE University–Banco de España–Federal Reserve Bank of Saint Louis Conference in Madrid – Bloomberg (11)

🇪🇺 ECB Vice President Luis de Guindos participates in panel at 20th edition of cycle of dialogues organized by Diario Madrid Foundation and Cercle d’Economia in Barcelona – Bloomberg (11)

🇬🇧 BOE Meeting (11)

🇺🇸 April PPI (11)

🇺🇸 Fed Governor Christopher Waller discusses financial stability and climate change during a conference in Madrid – Bloomberg (11)

🇪🇺 EU foreign ministers meet in Stockholm – Bloomberg (12)

🇪🇺 ECB Vice President Luis de Guindos gives lecture at Academia Europea Leadership in Barcelona – Barcelona (12)

🇬🇧 Q1 GDP estimate (12)

🇬🇧 Bank of England Chief Economist Huw Pill speaks – Bloomberg (12)

🇨🇦 1Q Bank of Canada issues Senior Loan Officer Survey (12)

🇺🇸 May University of Michigan consumer sentiment (12)

🇺🇸 Fed Governor Philip Jefferson and St. Louis Fed President James Bullard participate in panel discussion on monetary policy at Stanford University – Bloomberg (12)

🇺🇸 San Francisco Fed President Mary Daly delivers a commencement address to the USC Sol Price School of Public Policy – Bloomberg (12)

🇺🇸 🇪🇸 US President Joe Biden hosts Spanish Prime Minister Pedro Sánchez at the White House – Bloomberg (12)

Earnings

Previews

Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w18

What happened in the World Economy last Week – in charts – w18 (Bloomberg)

*Note: Previous reports can be found here