Next week's macro outlook: Powell "battles" market rate cut expectations, Fed releases monetary policy meeting minutes

ChainCatcher news, according to Jinshi reports, the U.S. economic data over the past week has been mixed, leading to continued fluctuations in market expectations for the Federal Reserve's interest rate cuts. Data released on Friday showed widespread growth in U.S. retail sales, driven by auto sales and major online promotional events. However, another report released shortly after indicated an unexpected decline in consumer confidence, the first since April, along with rising inflation expectations.

Previously, the U.S. July CPI and PPI reports seemed to send different signals regarding whether the economy could withstand the impact of Trump's comprehensive import tariffs, but both indicated that service inflation remains stubborn, with the PPI reaching a three-year high month-on-month. Meanwhile, there are significant divisions within the Federal Reserve regarding a rate cut in September.

On Wednesday at 23:00, Federal Reserve Governor Waller will speak at a blockchain seminar in Wyoming;

On Thursday at 2:00, the Federal Reserve will release the minutes of the monetary policy meeting;

On Thursday at 3:00, 2027 FOMC voting member and Atlanta Fed President Bostic will speak on the economic outlook;

On Thursday at 20:30, U.S. initial jobless claims for the week ending August 16 and the U.S. August Philadelphia Fed Manufacturing Index;

On Thursday at 21:45, the U.S. August S&P Global Manufacturing and Services PMI preliminary values;

On Friday at 22:00, Federal Reserve Chairman Powell will speak at the Jackson Hole Global Central Bank Annual Meeting.