Federal Reserve Faces Key Economic Data Amid Policy Uncertainty

According to BlockBeats, Federal Reserve Chair Jerome Powell and his colleagues are set to enter a policy meeting next week amid increasing political pressure, shifting trade policies, and conflicting economic signals. This decision coincides with a rare week of dense data releases from the U.S. government, including GDP, employment reports, and the Fed's core inflation indicators. While the market generally expects the Fed to maintain its current stance, this series of data could reshape the policy trajectory.Economists predict that the U.S. second-quarter GDP annual growth rate, to be announced next Wednesday, is expected to reach 2.4%, a significant improvement from the first quarter's 0.5% contraction. This growth is largely attributed to a sharp narrowing of the trade deficit. The July non-farm payroll report, set for release on Friday, is anticipated to confirm a cautious trend in corporate hiring. Following a surge in education sector employment in June, job additions are expected to slow this month, with the unemployment rate potentially rising slightly to 4.2%.The U.S. government's June personal income and expenditure report is expected to show a slight acceleration in the Fed's preferred core inflation indicator month-on-month, indicating that tariffs are gradually being passed on to consumers.