#美联储官员密集发声 This week may be the most critical one of July.
If you’ve still been watching BTC, U.S. stocks, or gold recently, you should not miss the key time points this week.
Kevin Warsh, the newly appointed Fed chair, will make his first appearance at Congress for semiannual monetary policy testimony over two consecutive days. Meanwhile, the U.S. June CPI and PPI data will also be released in succession, and multiple Fed officials are scheduled to speak frequently. Taken together, these events are likely to shape market expectations for the FOMC meeting at the end of July.
In recent weeks, the biggest shift in the market has been this—from debating when rate cuts might happen to starting to discuss whether the Fed could resume rate hikes.
Previously, Fed official Waller publicly said that the biggest risk has returned to inflation rather than employment. If CPI this week again comes in higher than expected, concerns about further tightening are likely to intensify.
I think what’s truly worth watching this week is not what any single official says, but the overall tone Warsh sets in his first congressional hearing.
If he continues to emphasize the “2% inflation target first” stance and downplays market expectations for rate cuts, risk assets may still face pressure in the short term. Conversely, if he acknowledges that recent energy prices have fallen and inflation pressure has eased, market sentiment could recover.
For the crypto market, in the coming days don’t just focus on the price chart.
In many cases, a single CPI release or one hearing can change the direction of the market more easily than a liquidation event costing hundreds of millions of dollars.
This week, my focus is on three key time points:
Tuesday night: U.S. June CPI data.
Tuesday and Wednesday: Warsh’s consecutive two days of congressional testimony.
Wednesday night: U.S. June PPI, and the Fed’s Beige Book.
If CPI and PPI continue to come in above expectations, and Warsh’s hawkish remarks are added to the mix, BTC and U.S. stocks may still face another round of volatility. If the inflation data cools, worries about subsequent policy could ease.
In short: what truly drives the market this week may not be the price chart, but the Fed’s attitude. Don’t wait until the data comes out to chase or panic-sell—remember the timing points first.
#美联储会议 #宏观经济 #加密货币
If you’ve still been watching BTC, U.S. stocks, or gold recently, you should not miss the key time points this week.
Kevin Warsh, the newly appointed Fed chair, will make his first appearance at Congress for semiannual monetary policy testimony over two consecutive days. Meanwhile, the U.S. June CPI and PPI data will also be released in succession, and multiple Fed officials are scheduled to speak frequently. Taken together, these events are likely to shape market expectations for the FOMC meeting at the end of July.
In recent weeks, the biggest shift in the market has been this—from debating when rate cuts might happen to starting to discuss whether the Fed could resume rate hikes.
Previously, Fed official Waller publicly said that the biggest risk has returned to inflation rather than employment. If CPI this week again comes in higher than expected, concerns about further tightening are likely to intensify.
I think what’s truly worth watching this week is not what any single official says, but the overall tone Warsh sets in his first congressional hearing.
If he continues to emphasize the “2% inflation target first” stance and downplays market expectations for rate cuts, risk assets may still face pressure in the short term. Conversely, if he acknowledges that recent energy prices have fallen and inflation pressure has eased, market sentiment could recover.
For the crypto market, in the coming days don’t just focus on the price chart.
In many cases, a single CPI release or one hearing can change the direction of the market more easily than a liquidation event costing hundreds of millions of dollars.
This week, my focus is on three key time points:
Tuesday night: U.S. June CPI data.
Tuesday and Wednesday: Warsh’s consecutive two days of congressional testimony.
Wednesday night: U.S. June PPI, and the Fed’s Beige Book.
If CPI and PPI continue to come in above expectations, and Warsh’s hawkish remarks are added to the mix, BTC and U.S. stocks may still face another round of volatility. If the inflation data cools, worries about subsequent policy could ease.
In short: what truly drives the market this week may not be the price chart, but the Fed’s attitude. Don’t wait until the data comes out to chase or panic-sell—remember the timing points first.
#美联储会议 #宏观经济 #加密货币