Crypto market plunged today:

The U.S. retail sales data for May will be released tonight.

Several Fed officials will give speeches this week, and the market is paying attention to their views on the outlook for interest rates this year. The market expects the Fed to have a 76% chance of cutting interest rates in September and a 50% chance of cutting interest rates by 50 basis points this year.

At 20:30, the United States will release the monthly rate of retail sales in May, which is known as all "horror data". The market expects it to rebound from 0% in April to 0.2%;

At 21:15, the United States will release the monthly rate of industrial output in May;

At 22:00, the United States will release the monthly rate of commercial inventory in April;

At 22:00, Barkin, the FOMC voting member in 2024 and the president of the Richmond Fed, will give a speech;

At 23:40, Collins, the FOMC voting member in 2025 and the president of the Boston Fed, will give a speech;

At 1:00 the next day, Logan, the FOMC voting member in 2026 and the president of the Dallas Fed, will participate in a question-and-answer session; At the same time, Kugler, a member of the Federal Reserve Board of the Federal Reserve System, will also speak on the economic outlook and monetary policy;

At 4:30 the next day, the United States will release the API crude oil inventory for the week ending June 14.

There is news about the interest rate cut again, and the statement of Philadelphia Federal Reserve Bank of Philadelphia Charles Schirak is even more ridiculous: it is appropriate to cut interest rates once before the end of the year, and it is also possible not to cut interest rates or to cut interest rates twice, which seems to be "childish talk".

Regarding the rate cut, it seems to me that Fed officials have been "passing the buck" and "playing Tai Chi"