This Week's Macro Outlook: Powell Takes Over the Fed, New Developments in the US-Iran Situation

BlockBeats News, May 11th. This week, the failure of the U.S.-Iran agreement has brought a new variable to the international situation, leading to a slight increase in oil prices. Additionally, this week's key macro events focus on the U.S. April CPI data as follows:

On Tuesday at 15:15, FOMC permanent voter and New York Fed President Williams participated in a panel discussion on monetary policy;

On Tuesday at 20:15, the ADP employment report for the week ending April 25th was released;

On Tuesday at 20:30, the U.S. April CPI data was announced;

On Wednesday at 04:30, the API crude oil inventories for the week ending May 8th in the U.S. were reported;

On Wednesday at 20:30, the U.S. April PPI figures for both the YoY and MoM changes were released;

On Friday at 05:30, Fed Governor Bostic delivered a speech;

On Friday at 21:15, the U.S. April industrial production figures for the month were published.

This week, the Federal Reserve will see a significant change in leadership, with Chair-Designate Kevin Wash expected to be confirmed by the Senate on Monday and formally take over from Powell on May 15th. In the U.S. stock market, the futures of the three major indices edged lower on Monday. Although the first-quarter earnings season is drawing to a close, corporate reports will still be a key driver of stock prices in the coming days.