Fox Business crypto reporter: This week focus on CPI, PPI, Fed speeches, and Clarity Act progress
2026-07-12 20:59
Odaily Planet Daily News Fox Business crypto reporter posted on X platform, noting that this week will be dense with economic data, Fed speeches, and further clarifications regarding the status of the Clarity Act. Key items to watch include: the latest inflation data such as CPI and PPI, which could impact market expectations for the Fed's next interest rate decision; Fed Chair Kevin Warsh will deliver the semi-annual monetary policy report to Congress and may face questions from lawmakers on Fed-related topics, with Michelle Bowman, Chris Waller, Michael Barr, Lisa Cook, and several regional Fed presidents also expected to speak; the updated version of the Clarity Act will merge the texts from the Senate Banking Committee and the Senate Agriculture Committee, with some industry insiders indicating that key provisions are still under "active negotiation" and the ethics agreement is "not yet finalized." It remains unclear how this will affect the timing of a full Senate vote, though many hope it could be scheduled as early as the week of the 20th.
