The Consumer Price Index for May, the Producer Price Index for May, the Federal Open Market Committee meeting and SpaceX’s Nasdaq listing will dominate markets between 10 June and 19 June.
CPI for May publishes Wednesday, June 10 at 8:30 a.m. ET, followed by PPI on Thursday, June 11 at 8:30 a.m. ET, and the FOMC decision concludes Wednesday, June 17 with a 2:00 p.m. ET announcement and a 2:30 p.m. ET press conference.
SpaceX is set to debut on Nasdaq on Friday, June 12 as SPCX in what the source describes as a potential $1.75 trillion valuation and a roughly $75 billion raise, an event that could trigger large passive flows if the company becomes Nasdaq‑100 eligible after 15 trading days.
April’s CPI came in at 3.8% year‑over‑year, the second monthly acceleration, and markets are watching whether May sustains that momentum or shows moderation.
April’s PPI rose 1.4% month‑over‑month and 6.0% year‑over‑year, the largest 12‑month gain since December 2022, and a confirming May PPI would strengthen the case for the Fed to hold or even lean toward tightening.
The meeting is Kevin Warsh’s first as Fed chair, and officials are widely expected to hold the funds target at 3.50%–3.75%, even as fed funds futures shifted in early June to price a year‑end hike as more likely than cuts.
A central question for June 17 is whether Warsh will begin rolling back forward guidance, potentially removing the dot plot or its easing/tightening bias from the statement.
Two Deribit weekly expiries fall on Friday, June 12 and Friday, June 19, the latter landing two days after the FOMC and on the US Juneteenth holiday when equities are closed but derivatives settle as usual.
Industrial Production and Capacity Utilization release Monday, June 15 at 9:15 a.m. ET, and retail sales for May publish the morning of June 17 at 8:30 a.m. ET, leaving the committee with fresh data in hand.
