PANews August 9 news, this week there is not much economic data, but some data still clearly shows that demand is slowing down. Although U.S. labor productivity remains strong, the slowdown in economic activity and rising service prices indicate that the market is showing signs of mild stagflation. Looking ahead to next week, the U.S. will release three major important data points: CPI, PPI, and terror data, all of which may further strengthen the market's expectations for a rate cut by the Federal Reserve in September. Here are the key points that the market will focus on in the new week:
Tuesday 20:30, U.S. July CPI data;
Tuesday 22:00, 2027 FOMC voter, Richmond Fed President Barkin will give a speech;
Thursday 01:00, 2025 FOMC voter, Chicago Fed President Evans will speak on monetary policy;
Thursday 01:30, 2027 FOMC voter, Atlanta Fed President Bostic will speak on the U.S. economic outlook;
Thursday 20:30, U.S. initial jobless claims for the week ending August 9, July PPI data;
Friday 02:00, 2027 FOMC voter, Richmond Fed President Barkin will participate in a webinar;
Friday 22:00, U.S. August one-year inflation expectation preliminary value, August University of Michigan consumer confidence index preliminary value, June business inventory month-on-month rate.
If next Friday's retail sales data shows that the economic difficulties are worse than expected, then the market's expectations for a rate cut in September and another cut before the end of the year are unlikely to change, but this may limit and temporarily restrain any dollar gains brought by the CPI. More importantly, Trump remains willing to impose tariffs on more countries. Therefore, if the situation spirals out of control, there may be more sell-offs of U.S. assets in the near future.