Next Week's Macro Outlook: 'Cryptocurrency Week' has concluded perfectly, Powell will make an appearance under pressure

Coin World reported on July 19 that as the Federal Reserve approaches its quiet period, Waller, a current board member and a popular candidate for the next Federal Reserve Chairman, reiterated support for a 25 basis point rate cut in July, and data shows that consumer expectations for inflation have improved. Meanwhile, trade tensions between the U.S. 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 by August 1. Additionally, the tumultuous 'Cryptocurrency Week' concluded perfectly after Trump signed the stablecoin bill as expected. Bitcoin this week refreshed its historical high to over $123,000, while Ethereum briefly reached $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, U.S. June Conference Board Leading Economic Index MoM
Tuesday 20:30, Federal Reserve Chairman Powell will deliver welcoming remarks at a regulatory meeting;
Wednesday 1:00, Federal Reserve Board member Bowman will host a fireside chat at a large bank capital framework meeting organized by the Federal Reserve;
Wednesday TBD, U.S. President Trump will speak at an event titled 'Winning the AI Race';
Thursday 20:30, U.S. initial jobless claims for the week ending July 19;
For the U.S., price and employment sub-indicators may attract additional attention. Analysts at ABN Amro believe that 'since the final shape of the U.S. tariff system remains uncertain, the recent moderate inflation trend clearly does not help reduce the uncertainty regarding the ultimate impact of Trump's trade policies on inflation.'