Kiplinger's Economic Calendar for This Week (June 23-27)

The economic calendar is jam-packed this week, with several Federal Reserve officials slated to speak. However, all eyes will be on Fed Chair Jerome Powell's two-day testimony in front of Congress, which will kick off on Tuesday, June 24. Meanwhile, a key inflation update is due at week's end.

Tuesday, June 24: Fed Chair Powell testifies: Powell will speak before the House Financial Services Committee.

Friday, June 27: Personal Consumption Expenditures Price Index (PCE) and core PCE: Inflation, as measured by the PCE, likely ticked higher on a year-over-year basis.

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Read on to see the entire weekly economic calendar of the most important upcoming economic reports scheduled to be released in the next several days. At times, we provide expanded previews and recaps for select reports.

Please check back often. This economic calendar is updated regularly.

Bolded reports are those considered more noteworthy. All reporting times are in Eastern Time.

Economic calendar highlights

Monday (6/23)

Tuesday (6/24)

Powell heads to Capitol Hill

Fed Chair Powell will begin his two-day congressional testimony on Tuesday, speaking before the House Financial Services Committee. He'll wrap things up on Wednesday when he testifies in front of the Senate Banking Committee.

It's certain to say that the Fed chief will be grilled about interest rates, especially in the wake of the June Fed meeting, where Powell reiterated the central bank's data-dependent approach.

While Powell maintained that the economy and labor market are both strong enough at the moment to leave the federal funds rate at its current range of 4.25% to 4.5%, he did not dismiss the possibility of rate cuts later this year.

Indeed, the central bank's Summary of Economic Projections, which details the Fed's short- and longer-term forecasts, projected two quarter-point rate cuts by year's end.

Wednesday (6/25)

Thursday (6/25)

Friday (6/27)

May PCE and core PCE expected to tick higher

The PCE is a main event on the economic calendar. The data, which tracks consumer spending, follows recent reports showing that inflation has yet to be impacted by President Donald Trump's tariff policies.

In April, headline and core PCE, which excludes volatile food and energy costs, rose at a slower annual pace than what was seen the month prior (2.1% and 2.5%, respectively).

This time around, Wells Fargo economists expect May PCE to be up 2.3% year over year and core PCE to arrive at 2.6%.

Reporting schedules are provided Forex Factory and MarketWatch.

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