According to ChainCatcher, as reported by Jinshi, economic data from the United States over the past week has been mixed, leading to continued fluctuations in the market's expectations for a Federal Reserve rate cut. Data released on Friday showed broad growth in U.S. retail sales driven by auto sales and major online promotions. However, another report released shortly after showed that consumer confidence unexpectedly declined for the first time since April, and inflation expectations have risen.
Previously, the U.S. July CPI and PPI reports seemed to send mixed signals regarding whether the economy is withstanding the impact of Trump's comprehensive import tariffs, but both indicated persistent service inflation, with PPI reaching a three-year high month-on-month. Meanwhile, there are significant internal disagreements within the Federal Reserve regarding a rate cut in September.
Wednesday 23:00, Federal Reserve Governor Waller speaks at the Blockchain Seminar in Wyoming;
Thursday 2:00, the Federal Reserve releases the minutes of its monetary policy meeting;
Thursday 3:00, 2027 FOMC voting member and Atlanta Fed President Bostic speaks on the economic outlook;
Thursday 20:30, initial claims for unemployment benefits in the week ending August 16 in the U.S., U.S. August Philadelphia Fed Manufacturing Index;
Thursday 21:45, U.S. August S&P Global Manufacturing and Services PMI preliminary values;
Friday 22:00, Federal Reserve Chairman Powell speaks at the Jackson Hole Global Central Bank Annual Meeting.
