The Follow-Up List for the New Week's Macro Economic Outlook has been Released!

Last week, while new historical peaks were observed almost every day in the US markets, there was a very enthusiastic atmosphere in the markets.

While the increasing optimism of asset management companies towards US stocks draws attention, warnings are being made that this enthusiasm could lead to overly concentrated positions and, particularly in the event of a negative development, could cause sharp fluctuations. At the forefront of these risks is the customs tariff review process of Donald Trump, which will end on July 9.

Next week, a calmer data calendar is anticipated in terms of the markets; however, the FED’s monetary policy meeting minutes, speeches from FOMC members, and Trump’s actions regarding tariffs will be closely monitored by the markets.

Here are the key macroeconomic developments for the upcoming week at ( Turkey time / TRT):

• Tuesday, 18:00: The 1-year inflation expectation for June will be announced by the Federal Reserve of New York, USA.
• Wednesday, 04:30: China’s annual CPI data for June will be released.
• Wednesday, 21:00: The FED will release the minutes of its latest monetary policy meeting.
• Thursday, 15:30: The first unemployment benefit applications for the week ending on July 5 will be announced.
• Thursday, 16:00: St. Louis FED President Moussalem, who has voting rights for the FOMC in 2025, will speak on the U.S. economy and monetary policy.
• Thursday, 21:30: Mary Daly, the President of the San Francisco FED and a member of the FOMC for the year 2027, will provide assessments regarding the outlook of the US economy.