Wednesday's calendar is heavy on market movers that deserve a closer look. Starting things off at 6 AM is the final reading of German May CPI. The preliminary estimate puts the annual inflation at a 6-month low, mainly due to lower energy and services prices. UK Labour Report for May follows at 8:30. The April report was actually stronger than expected as unemployment rate inched even lower and... Еще employment continued to grow. Two news releases regarding the Euro Zone economy are out at 9, and Industrial Production for April is one of them. Output has been decreasing for the past two months, and much of the decline comes from energy sector. First quarter Employment Change is due at the same time. The fourth quarter data surprised on the upside as employment grew at a faster pace than the point 2% gain the previous quarter. Coming up next at 12:30 PM GMT are two highly anticipated news publications from the United States, including the May CPI. Prices rebounded on a monthly basis in April, but the annual inflation did inch lower. Retail Sales for May are out at this time as well, and April data showed a return to growth, following two months of lacklustre performance. US Business Inventories for April will be available at 2. Inventories have been growing at a steady point 2% pace for the last 2 months. So the highlight of the day comes at 6 o'clock, when the Fed releases its latest monetary policy statement. This release also includes the economic projections and a press conference which starts half an hour later; moreover, markets are anticipating a rate hike despite the political turmoils. A high importance event for the Kiwi Dollar traders follows at 10:45, when New Zealand first quarter GDP is released. Economy grew less than expected in the last quarter of 2016, but it is expected to pick up speed. Australian Consumer Inflation Expectations for June are out at 1 AM. The anticipated annual inflation rate inched lower in May from 4.1% a month ago. And Australian Labour Report for May concludes the schedule at 1:30. The April report was a bit of a mixed bag as employment did go up but full-time employment saw a disappointing decline. I'm Jack Everitt and this was the Economic Calendar for Wednesday. the 14th of June. Check back in for the next overview of news releases for Thursday. Goodbye.