This week is a super macro week with a dense release of economic data, and several important indicators will become the market focus. First, GDP data is expected to be released on Wednesday, with a projected rise of 2.4%. Considering the performance of -0.5% in the previous quarter, the actual economic situation may not be optimistic. On the same day, the results of the Fed meeting will also be revealed, and interest rates are expected to remain unchanged. Investors should closely follow Powell's remarks, especially whether he hints at possible policy adjustments in September.

On Thursday, the core PCE index is expected to rise by 0.3%, higher than the core CPI. This difference mainly stems from the impact of tariffs on goods inflation, as well as a 0.1% month-on-month increase in financial services driven by the rise in the stock market. The ECI index released on the same day is regarded as the most critical wage growth indicator, with an expectation of 0.8%. If the data meets expectations, it may strengthen the Fed's confidence in cutting interest rates.

Friday will bring a dual test of employment data. The non-farm payrolls are expected to increase by 109,000, with the private non-farm payrolls being even more important, expected to rise by 100,000. As for the unemployment rate, the market expectation is 4.2%. This data will provide important references for assessing the direction of the labor market.

It is worth mentioning that Bitcoin has recently performed remarkably, breaking its historical high. Investors need to follow macroeconomic indicators while also keeping an eye on the trends in the cryptocurrency market.