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  • Hi, this is Jeff Kleintop with 90 seconds on what we're watching this week. It's a big

  • week for policy and politics. Treasury Secretary Janet Yellen is set to testify before the

  • house Ways and Means committee about the proposed 2022 federal budget and Democrats are preparing

  • to move infrastructure forward without Republican support. Lawmakers need to draft a bill that

  • can win support from all 50 Senate Democrats and that's not a quick or easy task. Now on

  • Thursday, the SEC is expected to deliver its Bitcoin ETF decision, as applications pile

  • up. But it's not just domestic issues -- geopolitics are back as Iran nuclear talks reconvene at

  • the same time a new Iranian president is being elected. NATO meets with Russia and recent

  • cyber security events in focus, and the U.S. and European Union hold a summit with trade

  • likely to be a big topic. On Wednesday, Federal Reserve officials will officially publish

  • their projections for interest rates, employment, and inflation for the first time since March.

  • Chairman Powell -- he'll be facing questions about when policy makers will be tapering

  • their bond buying program. His responses could move the markets. There are some central bank

  • meetings outside the U.S. and they will be closely watched as well including Japan, Norway,

  • Switzerland, and Brazil among others. Most are likely to refrain from reining in stimulus,

  • seeing increasing signs that inflation's surge may be transitory. Industrial project production

  • for Europe, Japan, China, and the US will be released this week with hard data on how

  • supply shortages are affecting factories. The good news is there appears to be some

  • logjams breaking when it relates two supplies. Thanks for watching.

Hi, this is Jeff Kleintop with 90 seconds on what we're watching this week. It's a big

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B1 US inflation federal week policy cyber security testify

Weekly Market Outlook | June 14, 2021

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    洪子雯 posted on 2021/06/14
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