Investors seek a calmer week after the release
of the US Consumer Price Index and Bank of England policy announcements. The BoE Monetary Policy Hearings and important economic data releases will set the tone for the week. Attention also remains on the US banking sector crisis and debt ceiling stand-off. Speeches from the BoE and Fed policymakers will provide fresh policy cues.

 Investor Focus and Key Economic Events

After the release of the critical United States Consumer Price Index and Bank of England policy announcements, investors are looking for a calm week ahead. However, some events could cause market fluctuations.

BoE Monetary Policy Hearings

The week begins with the BoE Monetary Policy Hearings. On Monday, Governor Andrew Bailey and his colleagues will testify on inflation and the economic outlook before Parliament's Treasury Select Committee (TSC).

Data Releases

On Monday, there are no first-tier economic releases from any side of the Atlantic. Attention will shift to Tuesday’s employment data from the United Kingdom. Later in the week, the Retail Sales report from the United States will be released.

US Economic Data Releases

On Wednesday, the US docket will feature the Housing Starts and Building Permits data. Thursday will see the releases of the BoE Quarterly Bulletin, US weekly Jobless Claims, and Existing Home Sales. Nothing of note is due for release on Friday.

Additional Considerations

In addition to economic data, all eyes will be on the developments surrounding the US banking sector crisis and debt ceiling stand-off. Speeches from BoE and Fed policymakers will also be watched closely for fresh policy cues.

Conclusion

Investors should monitor market developments closely and stay informed as supply chain disruptions caused by the pandemic remain a concern. While the coming week is expected to be relatively quiet, unexpected events could still cause fluctuations in the market.