Deutsche Bank: Next week, Fed officials will speak intensively, need to pay attention to officials' interpretation of CPI data and potential rate hike tendencies
CoinFeed July 11 news, according to Gelonghui report, Deutsche Bank said that after several weeks of relatively light Fed official speaking, this week will usher in a dense speech tide before the quiet period. The most watched ones are: Waller's speech at the National Association for Business Economics on Monday kicks off, Chair Powell testifies on Tuesday and Wednesday, and several officials will give forward-looking speeches after the June CPI data is released (Cook on Wednesday, Vice Chairman Jefferson, Dallas Fed's Logan and Kansas City Fed's Schmid on Friday). Powell is expected to reiterate his recent stance and remain silent on future policy actions. Waller is usually more willing to elaborate on his policy reaction mechanism and expectations, so his speech will be closely watched to capture any signals of his policy inclination. For forward-looking speeches, we will focus on how officials interpret this week's inflation data, and whether any officials are inclined to raise rates in July.