PANews July 12 news, despite the tariff deadline of July 9 having passed, market participants still face many uncertainties. President Trump has begun to send letters notifying tariff rates, and most countries are still engaged in tense negotiations with the U.S., while the August 1 tariff implementation date is approaching. Cryptocurrency is another winner this week, with some analytical institutions pointing out that as institutional investors continue to flood in, Bitcoin continues to set new historical highs. Looking ahead to next week, the U.S. will release the latest CPI data and the retail sales data, known as the 'terrifying data,' which will affect when the Fed will cut interest rates. Additionally, investors should be vigilant about how Trump might 'stir things up.' Here are the key points the market will focus on in the new week:
Tuesday at 14:45, 2025 FOMC voter and Boston Fed President Collins delivers a speech;
Tuesday at 21:15, Fed Governor Bowman delivers a welcome speech at a Fed-hosted conference;
Wednesday at 00:45, Fed Governor Waller delivers a speech at a Fed-hosted conference;
Wednesday at 02:45, 2025 FOMC voter and Boston Fed President Collins delivers a speech;
Wednesday at 07:45, Dallas Fed President Logan delivers a speech on the U.S. economy;
Wednesday at 21:15, Cleveland Fed President Mester delivers a speech;
Thursday at 02:00, the Fed releases the Beige Book on economic conditions;
Thursday at 20:30, U.S. June retail sales monthly rate, initial jobless claims for the week ending July 12, July Philadelphia Fed Manufacturing Index, June import price index monthly rate;
Thursday at 05:30, FOMC permanent voter and New York Fed President Williams delivers a speech on the U.S. economy and monetary policy;
Friday at 22:00, U.S. July one-year inflation rate expected initial value.
The risk of U.S. CPI seems to lean downwards, and a slowdown in inflation may lead some market participants to reopen bets on the possibility of a rate cut in July, which in turn could end the recent recovery of the dollar. Currently, the market predicts that the data will rise, with the annual rate increasing from 2.4% in May to 2.7%, and the monthly rate rising from 0.1% to 0.3%. If this expectation proves true, it would undoubtedly be a significant blow to the Fed's rate cut plans.
