Fed Chair Powell Speaks. USA, 15:00 (GMT+2) 29 Jun

29Jun.202214:00

Fed Chair Powell Speaks. USA, 15:00 (GMT+2)

At 15:00 (GMT+2), the head of the US Federal Reserve System (US Fed), Jerome Powell, will deliver a speech. The official can share his vision of the current situation in the US economy amid ongoing geopolitical tensions and hint at further actions by the regulator in the field of monetary policy to curb record inflation.

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29 Jun. 2022 13:30

Gross Domestic Product. USA, 14:30 (GMT+2)

At 14:30 (GMT+2) the US gross domestic product data for the first quarter of this year will be released. It is the main indicator reflecting the state of the national economy; it takes into account domestic consumption, investment, government spending and exports. It is expected that it will remain at –1.5% QoQ, which may negatively affect the dynamics of the US national currency.

29 Jun. 2022 15:30

Crude Oil Inventories. USA, 16:30 (GMT+2)

At 16:30 (GMT+2), the Energy Information Administration of the US Department of Energy (EIA) will publish a weekly report containing data on changes in the volume of crude oil, as well as gasoline and distillates in the US. The increase in reserves, as a rule, leads to pressure on oil prices. If the volume of oil reserves decreases from the current 1.956M barrels, this could support oil prices.

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