Next week’s macro outlook: Fed rate decision, non-farm payrolls, PCE coming, China-US trade talks

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On July 26, the important macroeconomic data to be announced next week are as follows:

Wednesday 20:15, US July ADP Employment (10,000 people), expected 7.5, previous value -3.5;

Wednesday 00:00, Politburo Member and Vice Premier He Lifeng will conduct economic and trade talks with the US side in Sweden from July 27 to 30;

Thursday 02:00, Federal Reserve FOMC to announce interest rate resolution;

Thursday 02:30, Federal Reserve Chairman Powell to hold monetary policy press conference;

Thursday 20:30, US Initial Jobless Claims for the week ending July 26 (10,000 people), previous value 21.7;

Thursday 20:30, US June Core PCE Price Index Year-on-Year, expected 2.70%, previous value 2.70%;

Friday, Hong Kong Stablecoin Regulation takes effect;

Friday 20:30, US July Seasonally Adjusted Non-Farm Employment (10,000 people), expected 10.2, previous value 14.7;

Friday 22:00, US July ISM Manufacturing PMI, expected 49.6, previous value 49;

Friday 22:00, US July University of Michigan Consumer Confidence Index Final Value, previous value 61.8.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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