This week’s major U.S. economic reports and Fed speeches are scheduled as follows:
Tuesday, July 9
- Fed Chairman Powell testifies before Senate
Wednesday, July 10
- Fed Chairman Powell testifies before House of Representatives
Thursday, July 11
- CPI inflation data: 3.1% estimated, 3.3% last month
- Core CPI inflation data: 3.4% expected, compared with 3.4% last month
- St. Louis Federal Reserve President Luis Alberto Mussallem speaks
Friday, July 12
- PPI inflation data (wholesale price index)
The incident will likely have a significant impact on the crypto market, especially the inflation data and the testimony of the Federal Reserve Chairman, which deserve close attention.
