Next week will be interesting, a bunch of important economic data will appear that could impact our pockets!
Let's start with Tuesday: the U.S. will publish CPI data for July, reflecting price changes. Another Federal Reserve official named Barkin will give a speech, although he won't be able to vote until 2027, but it won't hurt to listen to him.
Thursday will be even more interesting: the presidents of the Federal Reserve Banks of Chicago and Atlanta will also speak, one will talk about monetary policy, and the other about the prospects of the American economy. The U.S. will also publish the number of unemployment claims and PPI data for August, all of which are important matters related to our jobs and product prices.
Friday will also not be calm: data on retail sales for July, prices of imported goods, and public expectations regarding inflation for August will be published, plus the consumer confidence index from the University of Michigan. By looking at all this data, it will be possible to understand the current state of the American economy.
By the way, Trump recently nominated a person named Stephen Moore for a position on the Federal Reserve Board, and he could serve until the end of January 2026. It is said that he particularly supports cryptocurrencies, believing they can contribute to economic development and financial innovation. But this issue still needs to be approved by the Senate, whether he will succeed is hard to say!
This data and personnel changes seem distant to us, but in reality, they are closely related to our wallets. Whether prices are rising, how easy it is to find a job, or whether money retains its value - all of this is connected to these issues. We, ordinary people, should be vigilant to avoid regretting later that we did not prepare in advance!
