Preview — Barron's

Monday 6/10

Apple 's Worldwide Developers Conference kicks off with a keynote speech from CEO Tim Cook in Cupertino, Calif. The iPhone maker is expected to outline its artificial-intelligence software strategy. The conference runs through June 14.

Tuesday 6/11

Three megacap tech companies announce earnings. Oracle releases results on Tuesday, Broadcom on Wednesday, and Adobe on Thursday.

Wednesday 6/12

The Bureau of Labor Statistics releases the consumer price index for May. Consensus estimate is for the CPI to increase 3.4% year over year, matching the April data. The core CPI, which strips out food and energy prices, is expected to rise 3.5%, one-tenth of a percentage point less than previously.

The Federal Open Market Committee announces its monetary-policy decision. The FOMC is all but assured of keeping the federal-funds rate unchanged at 5.25% to 5.50%. The central bank will also release its quarterly Summary of Economic Projections. The March SEP showed a median projection of three quarter-point interest rate cuts this year. Traders are currently pricing in between one and two interest rate cuts by year end.

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(END) Dow Jones Newswires

June 07, 2024 21:45 ET (01:45 GMT)

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