Huo Xing Finance reports: On June 13, next week, market focus will center on interest rate decisions by the Federal Reserve and other major central banks. Since being sworn in as the new Chair of the Federal Reserve, Waish has remained silent; the press conference following the June rate decision will be a critical test of his monetary policy stance. The market also anticipates clear signals from him regarding reforms to communication mechanisms. Below are the key events the market will closely monitor next week (all times in Beijing Time): Monday, 15:15: ECB President Lagarde delivers a speech; Tuesday, TBA: Bank of Japan announces interest rate decision; 14:30: BoJ Deputy Governor Shinichi Uchida holds a monetary policy press conference; Tuesday, 20:15: U.S. ADP employment change for the week ending May 30; Thursday, 02:00: Federal Reserve FOMC releases interest rate decision and Summary of Economic Projections; 02:30: Federal Reserve Chair Waish holds a monetary policy press conference; Thursday, 20:30: U.S. initial jobless claims for the week ending June 13; U.S. June Philadelphia Fed manufacturing index. On policy signals, the market is closely watching whether three hawkish signals from the Fed materialize: First, whether the language in the previous policy statement indicating a “bias toward future rate cuts” will be removed. If this phrasing is deleted, it would signal the Fed’s formal abandonment of its previous dovish tilt and a shift toward a policy framework centered on combating inflation. Second, changes to the dot plot: The March dot plot indicated one rate cut for the year, but this round is likely to show rates held steady, or even a majority of officials anticipating rate hikes. Third, shifts in risk sentiment: If officials’ concerns about inflation rise significantly while worries about the labor market subside, this could pave the way for future rate increases. Friday, June 19: Due to Juneteenth, the New York Stock Exchange will be closed for one day. Trading for CME Group’s precious metals, energy, foreign exchange, equity index, and U.S. Treasury futures contracts will conclude early at 01:00 Beijing Time on June 20. Trading for ICE’s Brent crude oil futures contracts will conclude early at 01:30 Beijing Time on June 20.
Fed and BOJ to Release Interest Rate Decisions Next Week
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Summary
Liquidity and crypto markets will face key tests next week as the Fed and BOJ release their interest rate decisions. Fed Chair Powell’s first policy statement will attract attention for clues on the monetary stance and potential shifts in communication. The FOMC decision and Summary of Economic Projections will be released on Thursday, followed by a press conference. Traders are closely monitoring for hawkish signals, including changes in policy language, updates to the dot plot, and positioning in risk-on assets.
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