Compiled by: GaryMa Wu Blockchain about blockchain
summary
Wu Blockchain this week's macro indicators and analysis: Last week's dovish statement from the Bank of Japan and the decline in the number of initial jobless claims in the United States eased the market's panic over yen carry trades and recession expectations; this week's focus is on the US July CPI, although the market currently expects the Fed to cut interest rates in September, and nearly half of the bets are on a possible 50 basis point cut.
Last week review
●The Reserve Bank of Australia kept the interest rate unchanged at 4.35%. The Governor of the Reserve Bank of Australia, Alex Bullock, said that there are still risks for inflation to return to the target, which may take a long time. Interest rates may need to remain high for a longer period of time. The Reserve Bank of Australia is prepared to raise interest rates if necessary. A rate cut in the short term is inconsistent with the thinking of the committee.
●Bank of Japan: The July rate hike does not count as policy tightening.
●The number of initial jobless claims in the United States fell by 17,000 to 233,000 in the week ending August 3, lower than the expected 240,000, marking the biggest drop in nearly a year.
●China's CPI annual rate in July was 0.5%, expected to be 0.30%, and the previous value was 0.20%.
●China's Caixin Services PMI rose to 52.1 in July, and employment returned to expansion.
This week's key events & indicators
August 13 ● U.S. PPI annual rate in July (20:30)
August 14 ● Reserve Bank of New Zealand announces interest rate decision and monetary policy statement (10:00)
●Revised GDP annual rate for the second quarter of the Eurozone (17:00)
●US July unadjusted CPI annual rate (20:30)
August 15 ● Number of initial jobless claims in the United States for the week ending August 10 (10,000 people) (20:30)
August 16 ● U.S. August one-year inflation rate forecast (22:00)
●Preliminary value of the University of Michigan Consumer Confidence Index in August (22:00)
summary
Wu Blockchain this week's macro indicators and analysis: Last week's dovish statement from the Bank of Japan and the decline in the number of initial jobless claims in the United States eased the market's panic over yen carry trades and recession expectations; this week's focus is on the US July CPI, although the market currently expects the Fed to cut interest rates in September, and nearly half of the bets are on a possible 50 basis point cut.
Last week review
●The Reserve Bank of Australia kept the interest rate unchanged at 4.35%. The Governor of the Reserve Bank of Australia, Alex Bullock, said that there are still risks for inflation to return to the target, which may take a long time. Interest rates may need to remain high for a longer period of time. The Reserve Bank of Australia is prepared to raise interest rates if necessary. A rate cut in the short term is inconsistent with the thinking of the committee.
●Bank of Japan: The July rate hike does not count as policy tightening.
●The number of initial jobless claims in the United States fell by 17,000 to 233,000 in the week ending August 3, lower than the expected 240,000, marking the biggest drop in nearly a year.
●China's CPI annual rate in July was 0.5%, expected to be 0.30%, and the previous value was 0.20%.
●China's Caixin Services PMI rose to 52.1 in July, and employment returned to expansion.
This week's key events & indicators
August 13 ● U.S. PPI annual rate in July (20:30)
August 14 ● Reserve Bank of New Zealand announces interest rate decision and monetary policy statement (10:00)
●Revised GDP annual rate for the second quarter of the Eurozone (17:00)
●US July unadjusted CPI annual rate (20:30)
August 15 ● Number of initial jobless claims in the United States for the week ending August 10 (10,000 people) (20:30)
August 16 ● U.S. August one-year inflation rate forecast (22:00)
●Preliminary value of the University of Michigan Consumer Confidence Index in August (22:00)
