1️⃣ Yesterday's main news
Fed Evans: Employment could hit debt relief later this year.
- The trillion dollar infrastructure bill passed in the Senate.
- US media: Opposition from some Democrats could hinder Powell's re-election as Fed Chairman.
- Biden intends to nominate Frost, an official with the Federal Reserve Bank of New York, as Assistant Secretary of the Treasury.
- The Fed's use of reverse repurchase instruments approaches $1 trillion.
Iraq plans to increase oil production to 8 million barrels per day by the end of 2027.
- India will eliminate the use of cryptocurrencies to fund illegal activities.
2️⃣ Financial facts and data today
- the annual rate of the US CPI will not be seasonally adjusted for July, the expected value is 5.3%, the previous value is 5.4%; at the same time, the monthly rate of US CPI after the July Adjustment season will be published, the expected value is 0.5%, and the previous value is 0.9%.
- EIA crude oil inventories in the United States for the week to August 6. The previous value was 3.627 million barrels. Additionally, in 2021, the FOMC voting committee and Atlanta Fed President Bostic will speak on how the Fed can make the economy more inclusive.
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