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In the upcoming week, economic data will become the focus of the global market. The release of several important indicators may have a profound impact on the economic lives of the general public.
On Tuesday, the United States will release the Consumer Price Index (CPI) data for July, which is a key indicator of inflation levels. On the same day, Federal Reserve official Barkin will give a speech, and although he won't have voting rights until 2027, his views are still worth paying attention to.
The economic agenda on Thursday is more packed. The Federal Reserve presidents of Chicago and Atlanta will provide insights on monetary policy and the U.S. economic outlook, respectively. Additionally, the U.S. will release weekly unemployment claims and August Producer Price Index (PPI) data, which are closely related to the job market and price levels.
On Friday, the release of economic data will reach a climax. A series of indicators including July retail sales data, import price index, as well as August inflation expectations and the University of Michigan consumer confidence index will be released in succession. These data will comprehensively reflect the current economic situation in the United States.
It is worth mentioning that recent reports suggest that an individual who supports cryptocurrency may be nominated as a Federal Reserve governor, with a term that could last until January 2026. If this personnel change is approved by the Senate, it could impact financial innovation and economic development.
Although these economic indicators and personnel changes may seem distant, they are actually closely related to the daily lives of ordinary people. They affect price levels, employment opportunities, and the purchasing power of currency. Therefore, closely monitoring these economic trends and timely adjusting personal financial strategies is crucial for safeguarding one's economic interests.