Translation: GaryMa Wu Discusses Blockchain
Summary
Wu discusses this week's macro indicators and analysis: key focus on U.S. inflation data CPI & PPI, U.S. semiconductor and pharmaceutical tariffs, and speeches from several Federal Reserve officials, among others.
Last week's review
The Bank of England announced a 25 basis point rate cut on Thursday as expected, marking the fifth rate cut since the start of this cycle; this is the first instance since the Bank of England Monetary Policy Committee's independent decision-making began where two rounds of voting were required to reach a resolution; the Bank of England's minutes warned of increasing inflation risks while acknowledging that economic growth remains weak and consumer spending faces downward pressure.
For the week ending August 2, the U.S. initial jobless claims were 226,000, expected 221,000, with the previous value revised from 218,000 to 219,000.
Bank of Japan July Meeting Minutes: Rate hike may resume by year-end
Key events & indicators this week
August 11
China's July M2 money supply year-on-year
Trump says U.S. tariffs on semiconductors and pharmaceuticals will be implemented 'around this week'
August 12
U.S. July unadjusted CPI year-on-year (20:30)
August 14
2025 FOMC voting member and Chicago Fed President Goolsbee speaks on monetary policy (01:00)
2027 FOMC voting member and Atlanta Fed President Bostic speaks on the U.S. economic outlook (01:30)
U.S. initial jobless claims for the week ending August 9 (thousands) (20:30)
U.S. July PPI year-on-year (20:30)
August 15
U.S. President Trump and Russian President Putin meet in Alaska