- Federal Reserve is expected to announce a 25 basis point rate hike, likely the last one for the near future.
- The US House of Representatives will vote on cryptocurrency legislation.
- The week will see important indicators, including US Initial Jobless Claims, Core PCE Price Index, and the University of Michigan Consumer Sentiment Index.
The most significant macro event of the week is the Federal Reserve’s eagerly anticipated announcement regarding the interest rate resolution. Market analysts are projecting a 25 basis point rate hike to be highly likely. Many also believe that this may be the last rate hike by the Federal Reserve in the foreseeable future. As investors eagerly await the decision, related meetings and discussions, including Federal Reserve Chair Jerome Powell’s speech, are drawing substantial attention.
7/24-7/30 Schedule of Macro Events● The most important macro event this week is the Federal Reserve's announcement of the interest rate resolution, and the market is currently forecasting a 25 bps rate hike is highly likely, and the market generally believes that this may be…
— Greeks.live (@GreeksLive) July 24, 2023
This week will also …
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