Next Week's Key Macro Events: US-Iran Temporary Ceasefire Expires, Powell's Fed Chair Nomination Hearing Held Same Day
BlockBeats News, April 19th. The temporary ceasefire between the US and Iran is set to expire on Tuesday Eastern Time. Trump stated that US representatives will arrive in Islamabad, the capital of Pakistan, on the evening of April 20th Eastern Time to participate in the US-Iran negotiations scheduled for April 21st. Currently, Iran has indicated that they have not decided to send a negotiation delegation as long as there is a naval blockade (they will not negotiate). Additionally, the confirmation hearing for Jerome Powell, the Fed Chair nominee, will also take place on the same day, with the market prediction platform Polymarket showing a 94% probability of Powell being confirmed as Fed Chair. The highly anticipated Trump TRUMP token luncheon in the crypto community will also be held on Saturday, with other key macroeconomic data and events as follows:
Monday:
China's Loan Prime Rate for April 20th;
German Chancellor Merkel and ECB President Lagarde will deliver speeches.
Tuesday:
US Retail Sales MoM for March;
The US-Iran temporary ceasefire expires, Trump says US delegation will travel to Pakistan for talks with the Iranian side;
The US Senate Banking Committee holds a hearing on Kevin Warsh's nomination as Fed Chair.
Wednesday:
US API/EIA Crude Oil Stock data for the week of April 17th.
Thursday:
US Initial Jobless Claims for the week of April 18th, US April Markit Manufacturing PMI Flash;
US April Markit Services PMI Flash, US EIA Natural Gas Stock for the week of April 17th;
ECB President Lagarde delivers a speech;
Tesla releases earnings after the US market close.
Friday:
Japan Core CPI YoY for March;
US University of Michigan Consumer Sentiment Index Final, US April 1-year Inflation Rate Expectations Final.
Saturday:
Trump hosts a grand luncheon for TRUMP token holders, himself and 18 "superstars" in attendance;
Trump hosts the early summer White House press dinner.
