Week InAdvance: June 20, 2022
Mon Jun 20 US Juneteenth holiday, US markets are closed. | Tue Jun 21 Summer solstice. | Wed Jun 22 Powell in the Senate. | Thu Jun 23 Fed stress test results. Powell in the House. EU leaders meet. BRICS summit. | Fri Jun 24 IOSCO, OECD corporate bond market forum. | Sun Jun 26 G7 summit begins.
Federal Reserve Chair Jerome Powell appears in the Senate on Wednesday and the House on Thursday. He will likely be grilled on what a more aggressive Fed could mean for jobs and the economy.
Also on Thursday, the Fed will release the results of its 2022 stress tests. In this round, the largest US banks will be tested against a hypothetical massive surge in unemployment and a crash in commercial real estate.
European leaders meet in Brussels for a two-day meeting, starting June 23. The war in Ukraine and its many consequences will dominate the agenda.
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