Wednesday preview: Fed meeting, UK CPI in focus

(Sharecast News) - All eyes in the middle of the week will be on the US central bank as policymakers meet to decide on policy. Rate-setters at the Federal Reserve are expected to stay put on rates.

"Meaningful" revisions to their 2025 economic forecasts were anticipated as a "mark-to-market" exercise, economists at BofA said.

Those for 2026 on the other hand were expected to be mostly unchanged as there was too much uncertainty.

"Finally, we expect Chair Powell to repeat his message from the May press conference: Policy is in a good place and there is no hurry for the Fed to act."

Also due out are reading on housing starts and permits for May and initial weekly jobless claims.

Earlier, at 0600 BST the Office for National Statistics was scheduled to release consumer price data for May.

It would be followed at 0900 BST Eurostat will publish consumer price figures for the euro area in May.

Wednesday 18 June

FINALS

AO World, Speedy Hire

INTERIMS

Oxford Metrics

AGMs

Big Technologies, Eden Research, Vietnam Enterprise Investments (DI), Phoenix Spree Deutschland Limited SHS NPV, Life Settlement Assets, Somero Enterprises Inc. (DI), Wood Group (John), Bisichi, Alkemy Capital Investments, Adriatic Metals, Acceler8 Ventures, S&U, Diaceutics, Red Capital

EGMs

Phoenix Spree Deutschland Limited SHS NPV

GMs

Ricardo

FINAL DIVIDEND PAYMENT DATE

Hochschild Mining, Fintel

INTERIM DIVIDEND PAYMENT DATE

BlackRock Greater Europe Inv Trust, Smurfit Westrock (DI)

UK ECONOMIC ANNOUNCEMENTS

Consumer Price Index (07:00)

Retail Sales (07:00)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Current Account (EU) (09:00)

MBA Mortgage Applications (US) (12:00)

Building Permits (US) (13:30)

Housing Starts (US) (13:30)

Continuing Claims (US) (13:30)

Initial Jobless Claims (US) (13:30)

Crude Oil Inventories (US) (15:30)