U.S. Macro Watch Next Week: Fed Chair Walsh's Testimony and CPI Prints in Focus

ChainThink reports that next week's U.S. macro calendar will be dominated by Fed Chair Walsh's congressional testimony, June inflation readings (CPI and PPI), and remarks from multiple Federal Reserve officials, as investors look for clearer direction on the rate outlook. Geopolitical risk is also back on the radar. Reports say U.S.-Iran tensions intensified this week, ending a fragile ceasefire that had held for roughly three weeks. The resulting rise in oil prices has added to inflation concerns and strengthened expectations that the Federal Reserve could lean more hawkish. U.S. equities remained resilient. The S&P 500 pushed closer to its all-time high, while both the Nasdaq and the S&P 500 notched consecutive weekly gains. In corporate market news, SK Hynix's ADR surged 13% in its debut, with the deal raising $26.5 billion, marking the largest IPO by a foreign company in U.S. markets. Key events next week: - Tuesday: Release of U.S. June CPI and core CPI; Walsh testifies before the House Financial Services Committee. - Wednesday: Release of U.S. June PPI and core PPI; Walsh testifies at the Senate Banking Committee; the Fed publishes the Beige Book on economic conditions. - Fed speakers: Waller speaks Monday; Goolsbee and Williams speak Wednesday. - Thursday: U.S. initial jobless claims, June retail sales m/m, and the July Philadelphia Fed manufacturing index; Logan and Jefferson are also scheduled to speak on the economy and monetary policy.