EIA Refiner Utilization Rate in the U.S. for the week ending July 18

As July comes to an end, the financial markets are facing a critical moment. This week, there are two major events worth following: the Fed interest rate decision and the non-farm payroll report. The Fed will announce its interest rate decision at 2 AM on July 31. Although there are calls for a significant rate cut to stimulate economic growth, given the currently strong labor market and rising inflation rate, the Fed is expected to maintain a cautious stance and keep the benchmark interest rate unchanged at 4.5%. The Fed may continue to follow the situation to address potential inflation risks. Another event worth following is the non-farm payroll report released at 20:30 on August 1. If the data exceeds market expectations, it may push the dollar index up while putting some pressure on the precious metals market. In this case, it could prompt some funds to flow into the cryptocurrency market. As the end of the month approaches, market sentiment may become more sensitive. Investors should closely follow these key events and make informed investment decisions based on their own risk tolerance. For investors with lower risk tolerance, it may be more suitable to adopt a wait-and-see approach. Regardless, the market trends this week are expected to be quite exciting, and investors need to remain calm and rational while closely following market movements and the release of important economic data.

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Former U.S. leader Trump has sparked discussions again by publicly stating his desire for the Fed to significantly lower interest rates. On the eve of the Federal Open Market Committee ( FOMC ) meeting, Trump suggested a 1% rate cut, claiming it would save the U.S. approximately $360 billion in interest expenses. This statement immediately caused fluctuations in the financial markets. Trump also hinted that Fed Chairman Powell might be leaving soon, saying in what seemed to be a tone of regret: "He's on his way out, I'll miss him." This remark was interpreted as a prediction of Powell's departure, further intensifying market uncertainty. However, Powell seems to disagree with Trump's view. He emphasized that the current labor market is still weak, suggesting that the Fed may continue to maintain a cautious monetary policy stance. Powell's attitude indicates that he is unwilling to take aggressive interest rate cuts, but rather leans towards prudent policy adjustments. This event has also attracted attention from the cryptocurrency market. Some investors are starting to think about whether a new chairman who is more inclined towards loose monetary policy at the Fed would bring a new bull market to the cryptocurrency market. Trump's remarks and Powell's response once again highlight the complexity of monetary policy formulation and the potential impact of political factors on economic decisions. Regardless, market participants will closely monitor the results of the FOMC meeting and the Fed's future policy direction.