U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%); U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.3%)

On July 13th, Carl Shamota, a strategist at Corpay, stated that a series of tariff announcements might reignite market concerns. "Trump's protectionist agenda has not been sufficiently reflected in the currency market, asset prices, or volatility indicators. At some point in the near future, this will become very obvious. The moment of reckoning is approaching, whether in the financial markets or in the White House." (FXStreet)

On July 13th, as per DefiLlama data, the TVL of the Real-World Asset (RWA) Tokenization sector surpassed $129.38 billion, hitting a new all-time high with a monthly growth rate of 3.2%. In the past 7 days, the RWA sector protocols generated $78.51 million in protocol fees and $43.93 million in protocol revenue. Among them: The TVL of BlackRock BUIDL reached $28.12 billion; The TVL of Ethena USDtb reached $14.57 billion; The TVL of Ondo Finance reached $13.93 billion.

July 13th - In an interview, U.S. President Trump justified his decision to impose tariffs on foreign trade partners. Trump held the view that the U.S. had been exploited for an excessive period, and he placed his own country at the forefront. (KroneTen)

On July 13th, based on CME's "FedWatch" data, the likelihood of a 25-basis-point interest rate cut in July is 5.2%, while the probability of maintaining the interest rate unchanged is 94.8%. There is a 39.6% chance that the Fed will keep rates unchanged until September. The probability of a cumulative 25-basis-point cut is 57.4%, and the probability of a cumulative 50-basis-point cut is 3%. The dates of the Fed's next two FOMC meetings are July 30th and September 17th.

July 13th: An analyst pointed out that following several months of low inflation, the price surge that U.S. consumers experienced in June might have slightly accelerated. This is because businesses have begun to pass on the increased costs of imported goods resulting from tariffs to consumers. Surveys of economists by institutions indicated that the prices of goods and services, excluding the more volatile costs of food and energy, rose by 0.3% in June, which was the largest increase in five months. The core Consumer Price Index (CPI) in May only witnessed a marginal 0.1% increase. While the report next Tuesday may only reflect a slight transfer of U.S. import tariffs costs to consumers, many economists anticipate that inflation will gradually pick up over time. Meanwhile, many businesses are hesitant to raise prices as U.S. consumers, facing a cooling job market, are more focused on spending restraint, thus creating a delicate balance. (FXStreet)