US CPI, UK GDP & Apple WWDC: Week Ahead Outlook
- The economic calendar is packed with key events, including the U.S.
- CPI data, due Wednesday, is expected to show a rise of 0.2% month-over-month in headline CPI, with the core rate increasing to 0.3%.
- Thursday brings the UK GDP figures, with expectations of a 0.1% contraction in April.
Prepare for a pivotal week as the US CPI, UK GDP, and Apple’s WWDC take center stage. The US Consumer Price Index (CPI), releasing Wednesday, will reveal the impact of tariffs on consumer prices, with economists anticipating a rise. Meanwhile, Thursday’s UK GDP figures are poised to show whether the UK economy is contracting. Adding to the drama, Apple’s Worldwide Developers Conference (WWDC) kicks off Monday, with the tech giant under pressure to deliver on its artificial intelligence (AI) promises. Traders and investors will be scrutinizing wage growth, employment rates, and the Chancellor’s spending review on Wednesday. News Directory 3 will keep you informed. Discover what’s next for the markets.
Week Ahead: US CPI, UK GDP and Apple’s WWDC in Focus
Updated June 06, 2025
The economic calendar is packed with key events, including the U.S. Consumer Price index (CPI), UK Gross Domestic Product (GDP) figures, and Apple’s Worldwide Developers Conference (WWDC). Each event carries significant implications for markets and policy decisions.
The U.S. CPI data, due Wednesday, is expected to show a rise of 0.2% month-over-month in headline CPI, with the core rate increasing to 0.3%. This release will be closely scrutinized for signs that tariffs imposed in April are affecting consumer prices. Federal Reserve officials have expressed concerns about the potential inflationary impact of these tariffs. The Fed Beige book already indicated moderate price increases, with businesses reporting that higher tariffs are pushing costs and prices up.
Thursday brings the UK GDP figures, with expectations of a 0.1% contraction in April. This follows a 0.2% expansion in March. The previous release showed a Q1 growth rate of 0.7%, exceeding the Bank of England’s expectations, which were attributed to “erratic factors.” The focus remains on underlying growth trends amid data collection issues.
Apple’s WWDC, starting Monday, faces pressure to showcase advancements in artificial intelligence.The company’s stock has been weighed down by AI challenges, tariffs, and App Store fees.While major updates across Apple’s platforms are anticipated,significant AI breakthroughs may not be unveiled this year. Design refreshes and enhancements to apps like Messages and Music are expected.
The UK jobs report, released Tuesday, is expected to show a slight increase in the unemployment rate to 4.6%.Wage growth is anticipated to remain steady at 5.5%. The report continues to be affected by data-collection issues. Pantheon Macro anticipates the labor market is passing the worst of the shake-out induced by April payroll-tax hikes.
Chancellor Reeves will announce her spending review Wednesday, outlining departmental budgets for the next three years. The review is expected to focus on infrastructure investment. Sticking points include decisions on housing, energy, education, and crime. Reeves has ruled out major tax increases for “working people,” but Deutsche Bank believes she will need to raise taxes by at least £10 billion in the Autumn Budget.
What’s next
Market participants will closely monitor these events for signals about inflation, economic growth, and the future direction of monetary policy. Any surprises could trigger significant market reactions.