Federal Reserve Officials to Speak Intensively Next Week, Focus on CPI Interpretation and Rate Hike Tendencies

Deutsche Bank stated that next week, Federal Reserve officials will engage in a series of speeches, especially before the quiet period. Waller will speak on Monday at the New York Business Economics Association, followed by Chair Waller's testimony on Tuesday and Wednesday. Other officials will provide outlook speeches after the release of the June CPI data, including Cook, Vice Chair Jefferson, Dallas Fed's Logan, and Kansas City Fed's Schmidt. Waller is expected to reiterate recent statements, maintaining silence on future policy actions, while Waller's speech will be closely watched, potentially detailing the policy response mechanism and expectations. The market will focus on how officials interpret this week's inflation data and whether any officials lean towards a rate hike in July. The minutes from the June meeting indicated that several officials believed there was justification for a rate hike last month. Since then, oil prices and inflation expectations have receded but partially rebounded, and the unemployment rate has further declined, suggesting that dissenting votes in favor of a rate hike may emerge in the July meeting.

Disclaimer: This content is provided for general branding and informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online events, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets or to use any services. Crypto assets are highly volatile and may result in loss. WEEX services and online events may not be available in all regions and are subject to applicable laws, regulations, and eligibility requirements. You are responsible for ensuring that your use of WEEX services complies with local laws and for carefully assessing the risks before participating in any crypto-related activities.