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Next week will see a dense release of macroeconomic data, and the market still expects the Federal Reserve to once again stand pat.
BlockBeats News, July 27th: Against the complex backdrop of escalating political pressure, evolving trade policies, and conflicting economic signals, Federal Reserve Chairman Powell and his colleagues will enter the interest rate decision meeting next week. This decision coincides with a rare data-intensive week — the U.S. government will consecutively release GDP, jobs reports, and the Fed's core inflation indicator. While the market generally expects the Fed to once again hold steady, this series of data may reshape the policy path. Economists predict that the U.S. second-quarter GDP annualized growth rate, to be released on Wednesday next week, is expected to reach 2.4% (a significant improvement from the 0.5% contraction in the first quarter), but this is mainly due to a sharp narrowing of the trade deficit. The July non-farm payroll report, to be released on Friday, is expected to confirm a cautious trend in business hiring. Following the surge in education industry employment data in June, new job additions this month are expected to slow down, with the unemployment rate possibly edging up to 4.2%. The June U.S. personal income and spending report is expected to show a slight acceleration in the Fed's favored core inflation indicator from the previous month, indicating that tariffs are gradually being passed on to consumers. (FX678)
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