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Fox Business crypto reporter: This week, focus will be on CPI, PPI, Federal Reserve speeches, and progress on the Clarity Act

2026-07-12 20:59
Odaily Planet Daily News: Fox Business crypto reporter posted on platform X, stating that this week will be dense with economic data, Federal Reserve 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 may impact market expectations for the Fed's next interest rate decision; Fed Chairman Kevin Warsh will submit 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 texts from the Senate Banking Committee and the Senate Agriculture Committee. Some industry sources indicate 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, with many hoping voting could be scheduled as early as the week of the 20th.