Macro indicators and analysis affecting the trend of cryptocurrency market this week: Jackson Hole (Jackson Hole) Global Central Bank Annual Conference

Last week, whether it was the minutes of the Federal Reserve meeting or the statements of relevant officials, they all emphasized vigilance against the risk of rising inflation in the later period, and no longer expect a recession this year. There are few macro data indicators this week, so we can focus on the annual Jackson Hole global central bank annual meeting. Federal Reserve Chairman Powell and central bankers around the world will gather to discuss the economic outlook. Pay attention to the "September interest rate decision " and "whether the long-term inflation baseline will be higher" and other aspects of the discussion.
review last week
●In 2023, FOMC voting member and Minneapolis Fed Chairman Kashkari delivered a speech: Not ready to say that the rate hike is complete, because inflation is still higher than the level that policymakers are prepared to tolerate, and interest rates may still need to go higher to complete this work. Kashkari also said the Fed is "a long way off" from cutting interest rates and there are no signs of an imminent recession.
●The Federal Reserve Bank of New Zealand kept the interest rate unchanged at 5.5% in the August 16 meeting, in line with market expectations.
●The revised annual rate of GDP in the second quarter of the euro area was 0.6%, expected 0.60%, and the previous value was 0.60%.
●The number of Americans applying for unemployment benefits in the week ended August 12 was 239,000, slightly lower than the market estimate of 240,000, and down from the previous value of 248,000.
●The final value of the CPI annual rate in the euro area in July was 1%, the expected value was 1.1%, and the previous value was revised to 1.3%.
●The minutes of the Fed meeting were hawkish: warning of major inflationary upside risks, the two supported no interest rate hike in July, and no longer expected a recession this year.
This week's key events & indicators
August 23rd
●British, American, French and German August PMI
August 24th
●The number of people applying for unemployment benefits in the week of August 19 in the United States (10,000 people) (20:30)
The 2023 Jackson Hole Global Central Bank Annual Conference will be held with the theme of "Structural Changes in the World Economy"
August 25th
●Fed Chairman Powell delivered a speech at the Jackson Hole Global Central Bank Annual Conference.
(Data source: GaryMa)