Next week, Federal Reserve officials will deliver a series of speeches, and market participants should pay attention to the officials' interpretation of the CPI data and their potential inclination towards raising interest rates.

BlockBeats News, July 11th, Deutsche Bank stated that after a few weeks of relatively quiet remarks from Federal Reserve officials, the upcoming week will see a wave of intensive speeches before the blackout period.

Of particular note: Bullard will kick off on Monday with a speech to the New York Association for Business Economics, Chair Powell will testify on Tuesday and Wednesday, and several officials will deliver outlook speeches after the release of June CPI data (with Cook on Wednesday, Vice Chair Jefferson, Logan from the Dallas Fed, and Schmieding from the Kansas City Fed on Friday).

It is expected that Powell will reiterate his recent remarks and maintain silence on future policy actions. Bullard, on the other hand, is usually more willing to elaborate on his policy response framework and expectations, so his speech will be closely watched to capture any signals of his policy stance.

For the outlook speeches, the market will focus on how officials interpret this week's inflation data and whether there is a leaning towards a rate hike in July. As indicated in the minutes of the June meeting, "several" officials believed there was reason to hike rates last month. Since then, the situation has been mixed, with oil prices and inflation expectations easing but then partially rebounding, the unemployment rate further decreasing, and it is not ruled out that there may be dissenting votes in support of a rate hike at the July meeting.