Next week's macro outlook: Wash congressional hearing adds to CPI market expecting more clues about the interest rate outlook

Tensions between the United States and Iran escalated sharply this week, with attacks between the two sides leading to the collapse of a fragile ceasefire agreement that had been maintained for about three weeks. Inflationary pressure driven by rising oil prices has raised expectations for the Federal Reserve to tighten policies again. During the same period, U.S. stocks almost ignored geopolitical uncertainty, and the "AI trading" craze rallied. The S & P 500 index approached a record high, and both recorded two consecutive weekly positive results with the Nasdaq index. SK Hynix ADR surged 13% on its first day, raising US$26.5 billion making it the highest-funded foreign IPO in U.S. stock history.<br /> In the coming week, the situation in the United States and Iran, economic data such as the U.S. CPI, and speeches by Federal Reserve officials will affect Wall Street's nerves. People are especially looking forward to whether Federal Reserve Chairman Walsh can provide more clues on the interest rate outlook under torture from Congress, even though he cancels forward-looking guidance. The determination to place high hopes on it. A list of macro data events next week is as follows:<br /> Monday<br /> Federal Reserve Governor Waller delivered a speech<br /> Tuesday<br /> Weekly changes in U.S. ADP employment in the week ending June 27<br /> US June CPI, Core CPI<br /> Federal Reserve Chairman Walter attended the House Financial Services Committee hearing on the Federal Reserve's Semi-Annual Monetary Policy Report<br /> Wednesday<br /> In 2027, FOMC voting committee and Chicago Fed President Goolsbee participated in a fireside conversation<br /> US June PPI, core PPI<br /> FOMC Permanent Vote Committee and New York Fed Chairman Williams delivered a speech<br /> Federal Reserve Chairman Walsh attended the Senate Banking, Housing and Urban Affairs Committee hearing on the Federal Reserve's Semi-Annual Monetary Policy Report<br /> Federal Reserve releases Beige Book of Economic Conditions<br /> Thursday<br /> U.S. initial jobless claims for the week ending July 11, U.S. retail sales monthly rate in June, U.S. Philadelphia Fed manufacturing index in July<br /> 2026 FOMC voting committee and Dallas Fed Chairman Logan delivered a speech<br /> Federal Reserve Vice Chairman Jefferson speaks on economic and monetary policy