Monday (May 20) : Fed Chairman Jerome Powell delivers a video address to the commencement of Georgetown Law School, Atlanta Fed President Jerome Bostic delivers welcoming remarks at an event, and Fed Governor Jeffrey Barr speaks.
Tuesday (May 21) : South Korea and UK host AI Summit, Bank of Japan holds second Policy Review seminar, Reserve Bank of Australia releases minutes of May monetary Policy meeting, US Treasury Secretary Yellen & ECB President Lagarde & German Finance Minister Lindner speak, Richmond Fed President Barkin gives welcoming remarks at an event, Fed Governor Waller speaks on the US economy, New York Fed President Williams delivers opening remarks at an event, Atlanta Fed President Eric Bostic delivers welcoming remarks at an event, and Fed Governor Jeffrey Barr participates in a fireside chat.
Wednesday (May 22) : Bank of England Governor Bailey speaks at the London School of Economics, Bostic & Mester & Collins participate in a panel discussion on “Central Banking in the Post-Pandemic Financial System,” Reserve Bank of New Zealand releases its interest rate decision and monetary policy statement, and Chicago Fed President Goolsbee delivers opening remarks at an event.
Thursday (May 23) : G7 Finance ministers and central bank governors meeting, Federal Reserve monetary policy meeting minutes, Bank of Korea interest rate decision, Bank of Turkey interest rate decision, Eurozone May preliminary manufacturing/services PMI, US jobless claims for the week ending May 18, US May preliminary S&P Global Manufacturing/services PMI.
Friday (May 24) : Atlanta Fed President Bostic participates in a student Q&A session, European Central Bank Executive Board Member Schnabel speaks, Japan April core CPI annual rate, Germany first quarter unseasonally adjusted GDP annual rate final, Swiss National Bank President Jordan speaks, Fed Governor Paul Waller speaks, the final University of Michigan Consumer Confidence Index for May.
Since May, shipping from China to North America has suddenly become “difficult to find a cabin”, freight prices have skyrocketed, and a large number of small and medium-sized foreign trade enterprises are facing difficult and expensive shipping problems. On May 13, the Shanghai export container settlement freight index (US-West route) reached 2508 points, up 37% from May 6 and 38.5% from the end of April. The index is published by the Shanghai Shipping Exchange and mainly shows sea freight rates from Shanghai to ports on the West Coast of the United States. The Shanghai Export Container Freight Index (SCFI) released on May 10 rose 18.82% from the end of April, hitting a new high since September 2022. Among them, the US-West route rose to $4,393/40-foot box, and the US-East route rose to $5,562/40-foot box, up 22% and 19.3% respectively from the end of April, which has risen to the level after the Suez Canal congestion in 2021.
Post time: May-20-2024