[Next Week's Macroeconomic Outlook: Walsh's 'Debut' Imminent, Fed and Bank of Japan to Announce Rate Decisions] BlockBeats News, June 13 – Next week, market attention will focus on the interest rate decisions of several major central banks, including the Federal Reserve. Since being sworn in as the new Federal Reserve Chair, Walsh has remained silent. The press conference following the June rate decision announcement will be a critical test of his stance on monetary policy. The market is also anticipating clear signals from him regarding reforms to the communication mechanism. Below are the key events the market will focus on in the coming week (all times in Beijing Time): - Monday, 15:15: European Central Bank President Christine Lagarde delivers a speech. - Tuesday, TBD: Bank of Japan announces its interest rate decision. - 14:30: Bank of Japan Deputy Governor Shinichi Uchida holds a monetary policy press conference. - Tuesday, 20:15: U.S. ADP employment change for the week ending May 30. - Thursday, 2:00: Federal Reserve FOMC announces its interest rate decision and Summary of Economic Projections. - 2:30: Federal Reserve Chair Walsh holds a monetary policy press conference. - Thursday, 20:30: U.S. initial jobless claims for the week ending June 13 and the June Philadelphia Fed Manufacturing Index. In terms of policy signals, the market is focused on whether the Federal Reserve will deliver three hawkish signals: 1. Whether the phrase 'the next step leans toward a rate cut' will be removed from the previous policy statement. If this phrase is removed, it would indicate that the Federal Reserve has officially ended its previous dovish stance and shifted to a policy tone centered on combating inflation. 2. Changes in the dot plot. The March dot plot indicated one more rate cut within the year, but this time, the dot plot is highly likely to shift toward showing stable rates or even the possibility of further rate hikes as anticipated by most officials. 3. A shift in risk preferences. If officials show heightened concerns about inflation and reduced worries about the labor market, it could pave the way for subsequent rate hikes. On Friday (June 19), due to Juneteenth, the New York Stock Exchange will be closed for the day. Trading of precious metals, energy, foreign exchange, stock index, and U.S. Treasury futures contracts on the CME will end early at 01:00 Beijing Time on June 20. Trading of Brent crude oil futures contracts on the Intercontinental Exchange will end early at 01:30 Beijing Time on June 20.