Key Week: Inflation, Fed and Banxico Minutes Shape Economic Agenda
Inflation, employment, investment, and minutes from the Fed and Banxico shape the economic agenda for the first week of July.
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Gold has fallen 30% from highs of $5,500, weighed down by the Fed and a strong dollar. Banks have split forecasts: between $4,800 and $5,300 for 2027.
Inflation, employment, investment, and minutes from the Fed and Banxico shape the economic agenda for the first week of July.
Bitcoin rises 2.7% to $63,700 as the market awaits Fed minutes and US employment data.
The Fed publishes June minutes under Kevin Warsh. The market discounts a 78% chance of rates remaining unchanged in July, focusing on September.
Bitcoin surpasses $74,000 after five days of gains, accumulating a 27% rebound in July, well above gold's 8%.
Wall Street futures rise as the market awaits the ISM services, Fed minutes, and June CPI. Q2 2026 earnings season starts modestly.
Fed minutes, ECB, and falling oil prices mark a key week for the Ibex 35, DAX 40, and Wall Street.
Franklin Templeton anticipates greater market dispersion and less central bank backing in the second half of 2026, with oil as a critical variable.
The Fed's June minutes, chaired by Kevin Warsh, will be published on Wednesday and are key to understanding the new president's thoughts.
Goldman Sachs rules out Fed rate hikes in 2026, despite market expectations following Kevin Warsh's arrival. Employment and inflation data support this view.
Warsh's Fed keeps rates unchanged, but the dot plot anticipates a quarter-point hike before December amid internal division and a cooling economy.
Fed Chairman Kevin Warsh warns he will not tolerate inflation above 2%, disappointing expectations of rate cuts despite Trump's pressures.