Upcoming Releases
June 2026
JUN
10
Consumer Price Index — May 2026
Bureau of Labor Statistics · 8:30 AM ET
HIGH
Why it moves markets: The headline inflation number. A hot reading pushes Treasury yields up and stocks down; a cool reading fuels rate cut hopes.
What it means for you: Determines whether the Fed has room to cut rates at upcoming meetings — which flows directly into mortgage rates and loan costs.
JUN
11
Producer Price Index — May 2026
Bureau of Labor Statistics · 8:30 AM ET
MED
Why it moves markets: PPI leads CPI — rising producer costs often flow through to consumers within months, giving markets an early read on future inflation.
What it means for you: A leading indicator for where your grocery and gas prices are headed over the coming months.
JUN
13
University of Michigan Consumer Sentiment (Preliminary)
University of Michigan · 10:00 AM ET
MED
Why it moves markets: Measures how optimistic consumers feel about the economy. Low sentiment often precedes spending pullbacks that drag on GDP.
What it means for you: If consumers feel worse about the economy, spending slows — which can affect jobs and wage growth in the months ahead.
JUN
17
Retail Sales — May 2026
Census Bureau · 8:30 AM ET
HIGH
Why it moves markets: Consumer spending drives 70% of the U.S. economy. Strong retail sales signal resilience and reduce expectations of rate cuts.
What it means for you: Shows whether Americans are still spending freely despite high prices and elevated borrowing costs.
JUN
17
FOMC Rate Decision
Federal Reserve · 2:00 PM ET
HIGH
Why it moves markets: The most watched event of the month. The Fed sets the benchmark interest rate that ripples through every loan, bond, and investment in the economy.
What it means for you: This decision directly affects your mortgage rate, car loan APR, and savings account yield.
JUN
18
Housing Starts & Building Permits — May 2026
Census Bureau · 8:30 AM ET
MED
Why it moves markets: New construction signals developer confidence and feeds into future housing supply, which affects inflation and economic growth projections.
What it means for you: More homes being built means more supply — eventual downward pressure on home prices and rents.
JUN
26
GDP Q1 2026 — Third Estimate
Bureau of Economic Analysis · 8:30 AM ET
HIGH
Why it moves markets: The final reading on Q1 economic growth. Significant revisions can shift recession narratives and reprice rate expectations across the curve.
What it means for you: If GDP is revised negative, recession risk increases and the Fed may shift its posture toward rate cuts.
JUN
27
PCE Price Index — May 2026
Bureau of Economic Analysis · 8:30 AM ET
HIGH
Why it moves markets: PCE is the Fed's preferred inflation measure. Markets often reprice rate expectations immediately on release, moving bonds and equities sharply.
What it means for you: The number the Fed actually uses to decide on rates — even more important than CPI for rate cut timing.
July 2026
JUL
1
ISM Manufacturing PMI — June 2026
Institute for Supply Management · 10:00 AM ET
MED
Why it moves markets: A leading indicator for factory activity. A reading above 50 signals expansion; below 50 signals contraction — watched closely for early recession signals.
What it means for you: Strong manufacturing usually means more jobs and higher wages in the months ahead.
JUL
3
Employment Situation — Jobs Report June 2026
Bureau of Labor Statistics · 8:30 AM ET
HIGH
Why it moves markets: The most closely watched monthly release. Payrolls, the unemployment rate, and wage growth all land in a single report — a consistent market mover.
What it means for you: Job creation and wage growth determine how much Americans can afford to spend — and whether the Fed has cover to cut rates.
JUL
10
Consumer Price Index — June 2026
Bureau of Labor Statistics · 8:30 AM ET
HIGH
Why it moves markets: First look at June inflation. Sets market expectations going into the July 29 FOMC meeting — a hot or cold reading can swing rate cut odds dramatically.
What it means for you: The key inflation number between now and the next Fed decision — essentially a preview of whether relief on borrowing costs is coming.
JUL
29
FOMC Rate Decision
Federal Reserve · 2:00 PM ET
HIGH
Why it moves markets: Second Fed decision of the summer. By this point the committee will have May and June inflation data in hand — giving markets a clearer signal on rate trajectory.
What it means for you: If inflation continues cooling, July could be when the Fed signals or delivers the first rate cut — lowering costs on variable-rate debt.
This calendar is updated weekly by The Macro Brief's automated dashboard agent using official government release schedules.