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Next Week's Macro Outlook: New York Fed's 1-Year Inflation Expectation, New Tariff Red Line Sparks "Final Battle"
BlockBeats News, August 2nd: Due to the unexpectedly weak job report released on Friday, market expectations for a Fed rate cut surged significantly. Trump's new tariffs will take effect on August 7th, with the U.S. imposing tariffs of at least 10% on all other countries, with punitive tariff rates of 39% and 25% for countries such as Switzerland and India, respectively. Some countries may still be able to negotiate lower tariff rates.
Monday 22:00: U.S. June Factory Orders MoM;
Tuesday 21:45: U.S. July final S&P Global Services PMI;
Tuesday 22:00: U.S. July ISM Non-Manufacturing PMI;
Thursday 20:30: U.S. Initial Jobless Claims up to August 2nd;
Thursday 23:00: U.S. July New York Fed 1-Year Inflation Expectations.
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