Next Week's Macro Outlook: Warsh's Congressional Hearing Meets CPI, Rate Pricing Game Dominates Gold's Fate

CoinFeed July 11 news, this week US-Iran tensions escalated sharply, with mutual attacks leading to the breakdown of a fragile ceasefire that had held for about three weeks, and shipping in the Strait of Hormuz again falling into a near-standstill deadlock. Despite this, according to comprehensive foreign media reports, mediators have not given up mediation efforts. In the coming week, the US-Iran situation, US CPI and other economic data, and speeches by Fed officials will tug at Wall Street's nerves, especially as people look forward to whether Fed Chairman Warsh, under congressional grilling, can provide more clues on the interest rate outlook, although his determination to abolish forward guidance makes it hard to hold high hopes. In addition, next week will also be the 'highlight' of US stock market bank earnings.