This week, significant events in finance and politics continue, drawing attention to international situations and economic trends. The specific arrangements are as follows:
• Monday: Ukrainian President Zelensky will meet with U.S. President Trump in Washington, D.C. The meeting aims to discuss the specific details for ending the Russia-Ukraine conflict, and both sides are also considering arranging a trilateral meeting with Russian President Putin. European leaders, including European Commission President Ursula von der Leyen, will also head to the White House to promote a trilateral meeting supported by Europe involving Russia, Ukraine, and the U.S.
• Wednesday: On August 21 local time, the Federal Reserve will publish the minutes from the July monetary policy meeting. The minutes indicate that if inflation and other economic data trends meet expectations, the Federal Reserve may lower interest rates at the September meeting. Although inflation data has improved, more information is needed to confirm that the inflation rate is consistently moving toward the 2% target, and it would not be appropriate to lower rates before that.
• Thursday: A series of important economic data will be released on August 23, including the August S&P Manufacturing PMI data and the August S&P Composite PMI data, which reflect the operating conditions of the U.S. manufacturing and overall economy; July existing home sales data, which reflects trends in the real estate market; and initial jobless claims data, which reflects the stability of the labor market.
• Friday: Federal Reserve Chairman Powell will deliver a speech at the Jackson Hole Global Central Bank Annual Symposium. Amid strong expectations for a rate cut in September in the U.S. stock market, and in light of recent weak U.S. employment data and a sudden spike in PPI, Powell's comments on the monetary policy path will draw significant attention from investors.