Econ data, Nike earnings, Biden-Trump Debate: What to watch

Next week, the Bureau of Economic Analysis will release May's Personal Consumption Expenditures (PCE) data, the Federal Reserve's preferred measure of inflation.

Multiple Federal Reserve leaders will speak throughout the week, including Fed governors Christopher Waller, Michelle Bowman, and Lisa Cook, and San Francisco Fed president Mary Daly.

Companies such as Nike (NKE), Micron (MU), FedEx (FDX), General Mills (GIS), and BlackBerry (BB) will post earnings.

President Joe Biden and former President Donald Trump will debate each other on June 27.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Nicholas Jacobino

Video Transcript

Time now for what to watch next week.

Starting off with the economy.

The latest data on personal consumption expenditures that's also known as P ce, the fed's preferred inflation gauge.

It's on Friday morning.

Economists forecast both CO P ce and P and PC overall to decline month over month in May.

Compared to April, moving over to the Federal Reserve itself will be getting another round of commentary throughout the week from fed officials.

This coming after a slew of fed commentary in recent days, Boston fed President Susan Collins telling Yahoo Finance that she sees a scenario in which we could see one or two rate cuts later this year.

And as for earnings, investors can expect to hear quarterly results from names like fedex carnival, Nik, Nike General Mills and Blackberry.

Finally on Thursday, President Joe Biden will face off against former president Donald Trump in their first debate for the 2024 presidential race.