This week, the direction of the Federal Reserve may change, with market focus on two major events: ① US June CPI data Market expectation: CPI annual rate: 4.2% → 3.8% Core CPI annual rate: 2.9% → 2.8% Although the decline in international oil prices is expected to cool down overall inflation, core inflation remains significantly higher than the Federal Reserve's 2% target, indicating that inflationary pressures have not truly been relieved. ② Federal Reserve Chairman Kevin Warsh's First Congressional Hearing As the new chairman of the Federal Reserve, this is the first time that Walsh has publicly accepted congressional questioning, and the market will focus on: Does it imply a rate hike in September? How do you view tariffs driving up inflation? Will AI investment continue to drive up prices? How much does the situation in the Middle East affect energy prices? His wording is likely to become a new trendsetter in the market. What is the market concerned about? ✅ CPI lower than expected+Walsh's speech more moderate BTC is expected to rebound. ❌ Core inflation continues to rise+Walsh sends hawkish signals The expectation of a September interest rate hike may further heat up, putting pressure on BCT. Three key words worth paying attention to this week: CPI, Kevin Warsh hearing, expectations for September interest rate hike This not only determines the expected FOMC meeting at the end of July, but may also become an important turning point for global financial markets in the second half of 2026. Do you think the Federal Reserve will raise interest rates in September? Welcome to chat in the comment section. Federal Reserve CPI US Inflation BTC