Macroeconomic Outlook for Next Week: Fed Interest Rate Decision, Non-Farm Payroll, PCE Coming Up, China-US Trade Talks

On July 26, the important macroeconomic data to be announced next week is as follows: Wednesday 20:15, the U.S. July ADP employment figure is expected to be 7.5 million, previous value -3.5; Wednesday 00:00, He Lifeng, a member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will hold economic and trade talks with the U.S. from July 27 to 30 in Sweden; Thursday 02:00, the Fed will announce the interest rate decision; Thursday 02:30, Fed Chair Powell will hold a monetary policy press conference; Thursday 20:30, the number of initial jobless claims in the U.S. for the week ending July 26 is expected to be 21.7 million; Thursday 20:30, U.S. June core PCE price index year-on-year, expected 2.70%, previous value 2.70%; On Friday, the Hong Kong "Stablecoin Regulation" will be implemented; Friday 20:30, the U.S. July seasonally adjusted non-farm payroll is expected to be 10.2 million, previous value 14.7; Friday 22:00, U.S. July ISM Manufacturing PMI, expected 49.6, previous value 49; Friday 22:00, U.S. July Michigan University Consumer Confidence Index final value, previous value 61.8.