ME News, July 11 (UTC+8): This week, tensions between the US and Iran escalated sharply. Mutual strikes broke down a previously fragile ceasefire that had been holding for about three weeks, and inflation pressure driven by rising oil prices once again boosted expectations that the Federal Reserve will tighten its policy. In the same period, US equities largely ignored geopolitical uncertainty. The “AI trading” rally gathered momentum again, the S&P 500 index is approaching an all-time high, and both the S&P 500 and the Nasdaq recorded two straight weekly gains. SK Hynix ADR surged 13% on its first day. The $26.5 billion fundraising amount made it the foreign company with the largest IPO in US stock market history. Over the coming week, developments in the US-Iran situation, economic data in the US such as CPI, and remarks by Federal Reserve officials will keep Wall Street on edge. People are especially looking forward to whether Federal Reserve Chair Powell, under questioning from Congress, can provide more clues about the interest rate outlook, despite the fact that his decision to cancel forward guidance makes such expectations difficult to hold. A rundown of next week’s major macro data events is as follows:
Monday: Fed Governor Waller delivers remarks
Tuesday: US ADP employment change for the week ending June 27; US June CPI and core CPI; Fed Chair Powell attends the House Financial Services Committee “Federal Reserve Semiannual Monetary Policy Report” hearing
Wednesday: 2027 FOMC voting member and Chicago Fed President Goolsbee participates in a fireside chat; US June PPI and core PPI; FOMC permanent voting member and New York Fed President Williams delivers remarks; Fed Chair Powell attends the Senate Banking, Housing, and Urban Affairs Committee “Federal Reserve Semiannual Monetary Policy Report” hearing; the Fed releases the Beige Book
Thursday: US initial jobless claims for the week ending July 11; US June retail sales month-on-month; US July Philadelphia Fed manufacturing index; 2026 FOMC voting member and Dallas Fed President Logan delivers remarks; Fed Vice Chair Jefferson delivers remarks on the economy and monetary policy (Source: BlockBeats)

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Next Week’s Macro Outlook: A Wossh congressional hearing combined with CPI—markets are looking for more clues about the interest-rate outlook

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