This week a series of speeches by Federal Reserve officials have been scheduled. The Fed governors, Michelle Bowman and Adriana Kugler, will speak on Tuesday and Thursday, respectively. Investors will be paying close attention to their remarks for any updates on inflation expectations or the direction of monetary policy.
The minutes from the Federal Reserve's June meeting, released last week, revealed that some policymakers support a rate cut as early as July. However, others expressed concerns about inflation risks, particularly due to the tariff increases proposed by President Trump. The possibility of a rate cut has fueled optimism in the cryptocurrency market, driving Bitcoin to new all-time highs.
