What news is worth paying attention to this week

Last week, as we expected, it fell sharply. So will it rise or fall this week? What other news is worth our attention?

1. The US PPI will be released on Tuesday and the US CPI will be released on Wednesday. The market generally expects that the CPI will still be much higher than the Fed's target to maintain an annual growth rate of 2%. The inflation in the United States has not been controlled as imagined, but has been intensifying. Morgan Stanley, which originally predicted a rate cut in July, postponed the forecast to September. On Wednesday, the CPI was higher than expected, which was bearish, and lower than expected, which was bullish

2. On Tuesday, Powell will make a joint speech with the ECB Governing Council. At present, the entire money market expects an 85 basis point interest rate cut in Europe and a 65 basis point interest rate cut in the United States this year. The time for Wall Street's big shorts is getting tighter and tighter. In this case, the process of harvesting cryptocurrencies by institutions such as Grayscale will become more and more ruthless, and the actions will become faster and faster

3. On Friday, Federal Reserve Vice Chairman Jefferson and 2024 FOMC voting members, Cleveland Fed President Mester, and Atlanta Fed President Bostic will speak on the economic outlook. At present, analysts generally believe that signs of weakness in the US labor market may indicate a slowdown in economic growth, which poses a challenge to the Fed's policy outlook. In addition, the decline in consumer confidence may also have an impact on the Fed's decision-making.

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