Macroeconomic Outlook for Next Week: CPI May Raise Stagflation Concerns, BTC Tests $100,000 Support
Bitcoin returned above $100,000 this week, while U.S. stocks and bonds fluctuated due to expectations around trade negotiations between the two major economies, leading investors to be cautious. Gold prices initially plummeted due to optimistic sentiment but rebounded on Friday, with an overall increase of 2.64% last week. Key market focus points for next week are as follows:
Monday 22:25: Federal Reserve Governor Cook speaks.
Tuesday 20:30: Release of U.S. April unadjusted CPI year-on-year and several inflation data points.
Thursday: 05:40, San Francisco Fed President Daly participates in a discussion.
20:30, Release of U.S. April retail sales month-on-month, PPI data, and May New York Fed/Philadelphia Fed manufacturing indices.
20:40, Federal Reserve Chairman Powell delivers opening remarks; the Fed holds a research meeting until the 16th, focusing on monetary policy and economic research.
Friday 22:00: Release of the initial value for U.S. May one-year inflation expectations and the preliminary consumer confidence index.
This week, no Federal Reserve officials hinted at an imminent rate cut. Next week, U.S. April CPI data may show significant price pressures, supporting the Fed's tight policy stance; retail sales and other data will reflect consumption and economic conditions. Despite a short-term rise in the dollar, stagflation risks continue to pressure the dollar. Additionally, macroeconomic data significantly impacts BTC prices, and the stability of its $100,000 support level is also under close scrutiny.
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