BlockBeats reports that on August 9, the important macro data and events to be released next week are as follows:
Tuesday:
US July CPI data;
2027 FOMC voting member, Richmond Fed President Barkin speaks.
Thursday:
Chicago Fed President Goolsbee speaks on monetary policy;
Atlanta Fed President Bostic speaks on the outlook for the US economy;
US initial jobless claims for the week ending August 9, August PPI data.
Friday:
US July retail sales month-on-month, July import price index month-on-month;
US August one-year inflation rate expectations preliminary value, monthly Michigan consumer sentiment index preliminary value.
In addition, Trump has announced the nomination of 'crypto-friendly' official Stephen Miran to the Federal Reserve Board, with a term ending on January 31, 2026. According to public information, he explicitly supported the Trump administration's friendly policies towards cryptocurrency during his tenure as chairman of the White House Council of Economic Advisers. He believes that cryptocurrency has the potential to stimulate economic growth, drive financial innovation, and combat inflation, especially in the context of Trump's economic plan. However, the nomination still requires Senate approval.
Next week, traders' attention will be focused on the July CPI and PPI data to be released next Tuesday and Thursday, respectively, as well as the retail sales data to be released next Friday and the preliminary Michigan consumer sentiment survey report for August. Even before the tariffs imposed on each other take effect, higher-than-expected inflation data could prompt traders to reduce their bets on interest rate cuts.
