Macro outlook for next week: CPI data retested, Fed patient, gold will receive directional signals The following are the key points that the market will focus on in the new week: Monday at 09:30, China's May CPI annual rate; Monday 22:00, wholesale sales monthly rate for April in the United States; Monday 23:00, May New York Fed's 1-year inflation forecast; On Tuesday, to be confirmed, China's May M2 money supply annual rate; At 14:00 on Tuesday, the ILO unemployment rates for the three months of April, May, and May unemployment claims in the UK; On Tuesday at 15:10, European Central Bank Managing Director Villeroy gave a speech; Tuesday 18:00, NFIB Small Business Confidence Index for May in the United States; Wednesday 20:30, May CPI data for the United States Wednesday 22:30, EIA crude oil inventory, Cushing crude oil inventory, strategic petroleum reserve inventory for the week ending June 6 in the United States Thursday 14:00, UK three-month GDP and manufacturing output rates for April Thursday 14:00, UK April seasonally adjusted commodity trade account and industrial output monthly rate Thursday 20:30, initial jobless claims and May PPI for the week ending June 7th in the United States Friday 14:00, final monthly CPI rate for May in Germany Friday 14:00, France May CPI Monthly Rate Final Value Friday 22:00, preliminary expectations for the one-year inflation rate in June in the United States, and preliminary expectations for the University of Michigan Consumer Confidence Index in June The US May CPI report to be released next Wednesday will test the market's optimism about interest rate cuts, as it may indicate a recent stagnation in the downward trend of inflation. In terms of other economic data, the UK will release its employment report for the three months ending in April next Tuesday, and the market will focus on whether there are more signs of layoffs.