PANews reported on July 19 that as the Federal Reserve is about to enter a quiet period, current board member Waller, a top candidate for the next Fed chair, reiterated support for a 25 basis point rate cut in July, and data shows consumer inflation expectations have improved. Meanwhile, trade tensions between the US and EU continue, with Trump pushing for a minimum tariff of 15%-20% on all EU goods and planning to announce industry-specific tariff plans before August 1. Additionally, the tumultuous "Cryptocurrency Week" concluded perfectly after Trump signed the stablecoin bill as scheduled. Bitcoin reached a new historical high of over $123,000 this week, and Ethereum briefly rose above $3,600 on Friday, outperforming Bitcoin for the fourth consecutive week. Here are the key points the market will focus on in the new week:
Monday at 22:00, US Conference Board Leading Indicators monthly rate for June
Tuesday at 20:30, Fed Chair Powell delivers a welcome address at a regulatory meeting;
Wednesday at 1:00, Fed Governor Bowman hosts the fireside chat session of the Fed-sponsored large bank capital framework meeting;
Wednesday (time TBD), President Trump speaks at an event called "Winning the AI Race";
Thursday at 20:30, US initial jobless claims for the week ending July 19;
For the US, price and employment sub-indicators may attract additional attention. ABN Amro analysts believe that "given the uncertain final form of the US tariff system, the recent moderate inflation trend clearly does not help reduce the uncertainty of Trump's trade policy's ultimate impact on inflation."
