According to TechFlow news on July 19, as reported by Jin Ten, just as the Federal Reserve is about to enter 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, 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 with Trump signing 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 at 10:00 PM, U.S. Leading Economic Index for June;
Tuesday at 8:30 PM, Federal Reserve Chairman Powell gives a welcoming address at a regulatory meeting;
Wednesday at 1:00 PM, Federal Reserve Governor Bowman hosts a fireside chat at a large bank capital framework meeting organized by the Federal Reserve;
Wednesday TBD, President Trump delivers a speech at an event titled 'Winning the AI Race';
Thursday at 8:30 PM, the number of initial jobless claims in the U.S. for the week ending July 19;
