As the Fed is about to enter its quiet period, current board member Waller, a popular candidate for the next Fed chair, reiterated support for a 25 basis point rate cut in July, with data showing an improvement in consumer expectations for inflation. Meanwhile, trade tensions between the U.S. and the EU continue, with Trump pushing for a minimum tariff of 15%-20% on all EU goods and planning to announce a tariff plan for specific industries before August 1. Additionally, the tumultuous "Crypto Assets Week" concluded perfectly with Trump signing the stablecoin bill as scheduled. Bitcoin has surpassed its historical high this week, reaching over $123,000, while Ethereum briefly climbed to $3,600 on Friday, outperforming Bitcoin for the fourth consecutive week. Here are the key points the market will focus on in the new week: Monday at 22:00, U.S. June Conference Board Leading Index MoM; Tuesday at 20:30, Fed Chairman Powell will deliver welcoming remarks at a regulatory meeting; Wednesday at 1:00, Fed Governor Bowman will host a fireside chat at the large bank capital framework conference organized by the Fed; Wednesday TBD, U.S. President Trump will speak at an event titled "Winning the AI Race"; Thursday at 20:30, U.S. Initial Jobless Claims for the week ending July 19; For the U.S., price and employment sub-indicators may attract additional attention. Analysts at ABN Amro believe that "since the final form of U.S. tariff policy remains uncertain, the recent mild inflation trend clearly does little to reduce the uncertainty of Trump's trade policy's ultimate impact on inflation."