📅 Key Market Events: July 30 – August 1
July 30 – White House Crypto Report & US Q2 GDP + FOMC Decision
White House Crypto Report: The President's Working Group on Digital Assets will unveil a major policy report, mandated by Trump’s January executive order, on July 30. It may outline frameworks for stablecoins, custody rules, CBDCs, and even establish a Strategic Bitcoin Reserve using seized BTC .
Q2 GDP: The Bureau of Economic Analysis will release preliminary second-quarter GDP figures at 8:30 a.m. ET, with consensus expecting around +1.9% growth after a –0.5% drop in Q1 .
FOMC Rate Decision: The Federal Reserve is expected to maintain rates in the 4.25–4.50% range. Investors will focus on Fed Chair Jerome Powell’s tone and potential hawkish/dovish signals during the press conference .
July 31 – Initial Jobless Claims & Core PCE
Initial Jobless Claims: Weekly unemployment filings will be reported, offering insight into labor market resiliency amid softer economic activity .
Core PCE Index: The Fed’s preferred inflation measure, core Personal Consumption Expenditures, is projected at +0.27% MoM and 2.7% YoY, influencing future rate decisions .