Important events and data announcements next week - PCE data released, Powell delivers semi-annual monetary policy report testimony.

Monday: Data: U.S. June preliminary manufacturing and service PMI for the S&P Global; U.S. May existing home sales annualized; China's national power generation installed capacity for May year-to-date; China's national power generation installed capacity year-on-year for May year-to-date; Events: Federal Reserve's Daly participating in a Monetary Policy Perspectives panel discussion at the 100th annual meeting of the Western Economic Association International; ECB President Lagarde making introductory remarks at a hearing of the European Parliament's Economic and Monetary Affairs Committee; Federal Reserve Board member Bowman giving a speech on monetary policy and the banking industry; The U.S. imposing tariffs on various steel household appliances, with a rate of 50%. Tuesday: Data: U.S. Q1 current account; U.S. April FHFA house price index monthly rate; U.S. April S&P/CS 20-city unadjusted house price index year-on-year; U.S. June Conference Board Consumer Confidence Index; U.S. June Richmond Fed Manufacturing Index; Events: Federal Reserve's Bullard participating in a Q&A session at the "Investing in 2025" Conference hosted by the Milwaukee Business Journal; Federal Reserve's Quarles and Williams hosting "Fed Listens" event; Federal Reserve's Harker giving a speech on monetary policy; Federal Reserve Chairman Powell delivering semi-annual monetary policy report testimony in the House Financial Services Committee; Bank of England Governor Bailey attending a meeting of the House of Lords Economic Affairs Committee; The Summer Davos Forum held until June 26; NATO Heads of State and Government Summit taking place in The Hague on June 24-25, with Trump confirming attendance. Wednesday: Data: U.S. weekly API crude oil inventories; U.S. May new home sales annualized; U.S. weekly EIA crude oil inventories; Events: Federal Reserve's Williams delivering a speech; Federal Reserve Chairman Powell testifying on the semi-annual monetary policy report in the Senate Committee; NVIDIA holding a shareholder meeting; Financial report: Micron Technology. Thursday: Data: U.S. weekly initial jobless claims; U.S. Q1 final annualized GDP growth rate; U.S. Q1 final personal consumption expenditures rate; U.S. Q1 final core PCE price index annualized rate; U.S. May durable goods orders monthly rate; U.S. May pending home sales index monthly rate; U.S. weekly EIA natural gas inventories; Events: Federal Reserve meeting to discuss adjusting the SLR rule. Financial report: Nike. Friday: Data: U.S. May core PCE price index year-on-year; U.S. May personal spending monthly rate; U.S. May core PCE price index monthly rate; U.S. June University of Michigan Consumer Confidence Index final value; U.S. June one-year inflation rate expectations final value; Events: Federal Reserve's Williams chairing a meeting at the 24th BIS Annual General Meeting; Federal Reserve's Harker and Governor Brainard attending the "Fed Listens" event. Saturday: Data: U.S. weekly total oil rig count.