US Fed Chairman Jerome Powell speaks. USA, 16:00 (GMT+2) 14 May

14May.202415:00

US Fed Chairman Jerome Powell speaks. USA, 16:00 (GMT+2)

At 16:00 (GMT+2), the head of the US Fed System (US Fed) Jerome Powell will give a speech. The official can share his vision of the current situation in the American economy against ongoing geopolitical tensions and hint at the regulator’s further actions in the field of monetary policy.

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14 May. 2024 13:30

Producer price index. USA, 14:30 (GMT+2)

At 14:30 (GMT+2), April data on the US producer price index is due. The indicator reflects changes in the price of goods at the wholesale level (raw materials, semi-finished products, and final goods are taken into account). Increasing prices for producers contributes to the growth of consumer inflation in the region. It may change from 0.2% to 0.3% MoM and from 2.1% to 2.2% YoY, while the core rate will drop from 2.4% to 2.3% YoY and consolidate at 0.2% MoM.

14 May. 2024 21:30

API crude oil stocks. USA, 22:30 (GMT+2)

At 22:30 (GMT+2), a weekly report on the amount of oil reserves, gasoline, and distillates volumes from the American Petroleum Institute (API) is due. The last time statistics recorded a correction to 0.509M barrels of crude oil, and the continuation of this trend may support oil quotes.

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