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>>A two-week deep dive into consequential data: CPI figures, FOMC actions, and the SpaceX IPO.

A two-week deep dive into consequential data: CPI figures, FOMC actions, and the SpaceX IPO.

crypthub

6/10/2026, 9:20:42 AM

Inflation Data Sequence

The week begins with crucial inflation readings, starting with the CPI for May on June 10. This is the last CPI print before the Federal Open Market Committee (FOMC) meets. The following day, the PPI for May releases, offering a leading view of consumer price pressures. These two readings provide a compressed window to calibrate expectations for the rate decision.

FOMC Decision and Policy Shifts

The FOMC meets on June 17, marking Kevin Warsh's first session as chair. The rate decision is expected to hold, but the economic risk outlook has fundamentally flipped. Futures markets now price a rate hike as the more probable year-end move, abandoning earlier expectations of cuts. Furthermore, Warsh may scrap traditional forward guidance, potentially eliminating the detailed dot plot.

Major Market Drivers

A significant non-Fed event is the SpaceX Nasdaq IPO on June 12. This listing could represent one of history's largest capital raises, creating a massive liquidity event. Financial markets are also marked by two major options expiries on June 12 and June 19. These expiries add layers of derivatives risk and sentiment to the week's volatile trading environment.