PANews, July 19 - As the Federal Reserve approaches its quiet period, current Governor Waller, a popular candidate for the next Federal Reserve chair, reiterated support for a 25 basis point rate cut in July, with data showing that consumer inflation expectations have improved. Meanwhile, trade tensions between the US and the EU continue, with Trump pushing for a minimum tariff of 15%-20% on all EU goods and planning to announce a tariff plan for specific industries before August 1. Additionally, the tumultuous 'Cryptocurrency Week' concluded perfectly after Trump signed the stablecoin bill as scheduled. Bitcoin is set to break its historical high above $123,000 this week, with Ethereum briefly reaching $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 22:00, US June Conference Board Leading Index MoM
Tuesday 20:30, Federal Reserve Chair Powell delivers welcoming remarks at a regulatory meeting;
Wednesday 1:00, Federal Reserve Governor Bowman hosts a fireside chat at a large bank capital framework conference organized by the Federal Reserve;
Wednesday TBD, US President Trump speaks at an event titled 'Winning the AI Race';
Thursday 20:30, Initial Jobless Claims in the US for the week ending July 19;
For the US, price and employment sub-indicators may attract additional attention. Analysts at ABN Amro believe that 'due to the final shape of the US tariff system being unresolved, the recent mild inflation trend clearly does not help reduce the uncertainty regarding the ultimate impact of Trump's trade policy on inflation.'
