Compiled by: GaryMa Wu Talks Blockchain

summary
Wu said this week's macro indicators and analysis: Last week, the US inflation data CPI & PPI both entered the downward channel as expected, and the Reserve Bank of New Zealand also unexpectedly cut interest rates; this week's focus will be on the minutes of the Federal Reserve and the European Central Bank's July monetary policy meetings, the Jackson Hole Global Central Bank Annual Meeting and Powell's corresponding speech. The market expects Powell's speech to pave the way for a rate cut in September.

Last week review
● The annual rate of PPI in the US in July was 2.2%, in line with expectations of 2.30%. The previous value was revised from 2.60% to 2.7%.
● The Reserve Bank of New Zealand unexpectedly cut interest rates, lowering them from 5.5% to 5.25%, the first rate cut since March 2020.
● Eurozone's second quarter GDP annual rate was revised to 0.6%, in line with expectations of 0.60%.
● The U.S. unadjusted core CPI annual rate was 3.2% in July, lower than the previous value of 3.3%, in line with expectations, and hitting a new low since May 2021.
● The number of initial jobless claims in the United States for the week ending August 10 was 227,000, compared with expectations of 235,000 and the previous value of 233,000.
● The initial forecast for the US one-year inflation rate in August was 2.9%, the expected rate was 2.90%, and the previous value was 2.90%.
● The preliminary reading of the University of Michigan Consumer Confidence Index in August was 67.8, expected to be 66.9, and the previous reading was 66.4.

This week's key events & indicators
August 20
● Reserve Bank of Australia releases minutes of August monetary policy meeting (09:30)
● Eurozone July CPI annual rate final value (17:00)

August 21
●2024 FOMC voting member and Atlanta Fed President Bostic delivered a speech (01:35)

August 22
● The Federal Reserve releases the minutes of its monetary policy meeting (02:00)
● ECB releases minutes of July monetary policy meeting (19:30)
● Jackson Hole Global Central Bank Annual Meeting held until August 24

August 23
● Federal Reserve Chairman Powell delivered a speech on the economic outlook at the Jackson Hole Annual Meeting (22:00)