📊 U.S. Economic Data Sparks Mixed Market Reactions Amid Fed Cut Speculations
Recent U.S. economic indicators are fueling uncertainty over the Federal Reserve’s next move.
Retail Sales: Posted broad-based growth last week, boosted by auto demand and online promotions.
Consumer Confidence: Declined unexpectedly for the first time since April, alongside rising inflation expectations.
CPI & PPI: July reports sent mixed signals — persistent service inflation remains, with PPI hitting a 3-year high (m/m), raising questions about resilience against Trump’s sweeping import tariffs.
⚖️ Inside the Fed: Policymakers are divided over whether a September rate cut is warranted.
🗓 Key Events to Watch This Week
Aug 14 (Wed): Fed Gov. Waller speaks at a blockchain seminar in Wyoming (23:00 UTC+8).
Aug 15 (Thu):
FOMC meeting minutes (02:00 UTC+8).
Atlanta Fed President Bostic on economic prospects (03:00 UTC+8).
U.S. jobless claims & Philly Fed index (20:30 UTC+8).
Preliminary August PMI data (21:45 UTC+8).
Aug 16 (Fri): Fed Chair Powell delivers his highly anticipated Jackson Hole address (22:00 UTC+8).
💡 Market Takeaway: Investors are navigating a tug-of-war between strong retail momentum and weakening sentiment, with Powell’s speech at Jackson Hole likely to set the tone for rate cut bets heading into September.