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Market Uncertainty Persists Amid Upcoming Tariff Implementation and Economic Data Releases
According to PANews, despite the passing of the July 9 tariff deadline, market participants continue to face significant uncertainty. U.S. President Donald Trump has begun notifying countries of tariff rates, with many nations still engaged in tense negotiations with the United States. The implementation date for tariffs on August 1 is approaching rapidly. Meanwhile, cryptocurrencies have emerged as winners this week, with some analysis firms noting that Bitcoin continues to reach new historical highs as institutional investors increasingly enter the market.
Looking ahead to next week, the United States will release the latest Consumer Price Index (CPI) data and the retail sales figures, known as the "terror data," which will influence the Federal Reserve's timing for interest rate cuts. Additionally, investors should remain vigilant about potential actions from President Trump. Key events for the upcoming week include:
On Tuesday at 14:45 UTC+8, 2025 FOMC voting member and Boston Fed President Collins will deliver a speech.
On Tuesday at 21:15 UTC+8, Federal Reserve Governor Bowman will give a welcome address at a Fed-hosted conference.
On Wednesday at 00:45 UTC+8, Federal Reserve Governor Barr will speak at a Fed-hosted conference.
On Wednesday at 02:45 UTC+8, 2025 FOMC voting member and Boston Fed President Collins will deliver another speech.
On Wednesday at 07:45 UTC+8, Dallas Fed President Logan will discuss the U.S. economy.
On Wednesday at 21:15 UTC+8, Cleveland Fed President Harker will deliver a speech.
On Thursday at 02:00 UTC+8, the Federal Reserve will release the Beige Book on economic conditions.
On Thursday at 20:30 UTC+8, the U.S. will announce June retail sales monthly rate, initial jobless claims for the week ending July 12, the Philadelphia Fed manufacturing index for July, and the June import price index monthly rate.
On Thursday at 05:30 UTC+8, FOMC permanent voting member and New York Fed President Williams will speak on the U.S. economy and monetary policy.
On Friday at 22:00 UTC+8, the U.S. will release the preliminary one-year inflation rate expectation for July.
The risk associated with the U.S. CPI appears to be skewed to the downside, with slowing inflation potentially prompting some market participants to renew bets on a July rate cut, which could end the recent recovery of the dollar. Current market forecasts suggest the data will rise, with the annual rate increasing from May's 2.4% to 2.7%, and the monthly rate rising from 0.1% to 0.3%. If these expectations are accurate, it would significantly impact the Federal Reserve's decision on interest rate cuts.
Looking ahead to next week, the United States will release the latest Consumer Price Index (CPI) data and the retail sales figures, known as the "terror data," which will influence the Federal Reserve's timing for interest rate cuts. Additionally, investors should remain vigilant about potential actions from President Trump. Key events for the upcoming week include:
On Tuesday at 14:45 UTC+8, 2025 FOMC voting member and Boston Fed President Collins will deliver a speech.
On Tuesday at 21:15 UTC+8, Federal Reserve Governor Bowman will give a welcome address at a Fed-hosted conference.
On Wednesday at 00:45 UTC+8, Federal Reserve Governor Barr will speak at a Fed-hosted conference.
On Wednesday at 02:45 UTC+8, 2025 FOMC voting member and Boston Fed President Collins will deliver another speech.
On Wednesday at 07:45 UTC+8, Dallas Fed President Logan will discuss the U.S. economy.
On Wednesday at 21:15 UTC+8, Cleveland Fed President Harker will deliver a speech.
On Thursday at 02:00 UTC+8, the Federal Reserve will release the Beige Book on economic conditions.
On Thursday at 20:30 UTC+8, the U.S. will announce June retail sales monthly rate, initial jobless claims for the week ending July 12, the Philadelphia Fed manufacturing index for July, and the June import price index monthly rate.
On Thursday at 05:30 UTC+8, FOMC permanent voting member and New York Fed President Williams will speak on the U.S. economy and monetary policy.
On Friday at 22:00 UTC+8, the U.S. will release the preliminary one-year inflation rate expectation for July.
The risk associated with the U.S. CPI appears to be skewed to the downside, with slowing inflation potentially prompting some market participants to renew bets on a July rate cut, which could end the recent recovery of the dollar. Current market forecasts suggest the data will rise, with the annual rate increasing from May's 2.4% to 2.7%, and the monthly rate rising from 0.1% to 0.3%. If these expectations are accurate, it would significantly impact the Federal Reserve's decision on interest rate cuts.
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