The Fed cut interest rates in July, Bitcoin hit a historical high, and Trump plans to impose tariffs on Europe.

[Coin World] Coin World reported on July 19 that as the Fed is about to enter its quiet period, Waller, a current governor and a popular candidate for the next Fed chair, reiterated support for a 25 basis point rate cut in July, and data shows consumer expectations for inflation have improved. Meanwhile, trade tensions between the U.S. and the EU continue, with Trump pushing for a minimum tariff of 15%-20% on all EU goods and planning to announce tariff plans for specific industries by August 1. In addition, the "Crypto Assets Week", which has had its ups and downs, reached a perfect conclusion after Trump signed the stablecoin bill as expected. Bitcoin will refresh its historical high this week to over $123,000, while Ethereum briefly surpassed $3,600 on Friday, outperforming Bitcoin for the fourth consecutive week. Here are the key points the market will focus on in the new week:

Monday 22:00, US June Conference Board Leading Index MoM

On Tuesday at 20:30, Fed Chairman Powell delivered a welcome speech at a regulatory meeting;

At 1:00 on Wednesday, Fed Governor Bowman is hosting a fireside chat session at the large bank capital framework meeting organized by the Fed.

On Wednesday, pending, U.S. President Trump will speak at an event titled "Winning the Artificial Intelligence Race";

Thursday 20:30, initial jobless claims in the US for the week ending July 19;

For the United States, price and employment sub-indices may attract additional attention. Analysts at ABN Amro believe that "since the final shape of the U.S. tariff system remains undecided, the recent moderate inflation trend clearly does not help reduce the uncertainty regarding the ultimate impact of Trump’s trade policy on inflation."