Will the Wosch congressional hearing become a new turning point for global markets?

Global capital markets face an important test this week: the U.S. June CPI data and remarks by Federal Reserve Chair Wosch at a congressional hearing have appeared one after another. Data represents the past, while speeches represent the future—so the market is paying even closer attention to how Wosch assesses the current inflation situation, and whether he will continue to make controlling inflation the core goal going forward. If his remarks are more hawkish than market expectations, U.S. Treasury yields and the U.S. dollar may keep strengthening, weighing on gold and high-risk assets. If he releases relatively dovish signals, it could help lift stock markets and sentiment toward digital assets. It is worth noting that what the market fears most is not high inflation, but uncertainty. When the data and the speeches send conflicting signals, investors often need to readjust their positions again, and market volatility could be further amplified. Therefore, this “CPI + hearing” combination is more like a stress test of global market confidence, and its impact may extend into the coming weeks, becoming an important indicator for monetary policy expectations in the second half of the year.
#沃什听证会撞上CPI #