PANews reported on July 19 that as the Fed is about to enter a quiet period, incumbent Governor Waller, a popular candidate for the next Fed chairman, reiterated his support for a 25 basis point rate cut in July, and data showed that consumer expectations for inflation have improved. At the same time, trade tensions between the United States and the EU continue, with Trump pushing for a minimum tariff of 15%-20% on all EU goods and planning to announce industry-specific tariff plans by August 1. In addition, the twists and turns of "cryptocurrency week" came to a perfect end after Trump signed the stablecoin bill as scheduled. Bitcoin hit a new all-time high of more than $123,000 this week, and Ethereum stood above $3,600 on Friday, outperforming Bitcoin for the fourth consecutive week. Here are the key points that the market will focus on in the new week:

At 22:00 on Monday, the monthly rate of the leading indicator of the US Chamber of Commerce for June

At 20:30 on Tuesday, Federal Reserve Chairman Powell delivered a welcome speech at a regulatory meeting;

At 1:00 on Wednesday, Fed Governor Bowman hosted a fireside chat session at the Fed-hosted Major Bank Capital Framework Conference;

On Wednesday, US President Donald Trump spoke at an event called "Winning the AI Race";

Thursday 20:30, US initial jobless claims for the week to July 19;

For the US, price and employment sub-indicators may cause additional attention. Analysts at ABN Amro believe that "as the final shape of the U.S. tariff regime remains undecided, the recent moderate inflation trend clearly does not help reduce uncertainty about the final impact of Trump's trade policy on inflation." ”