Super heavyweight week is coming! SpaceX's listing celebration is still going on, the new chairman of the Federal Reserve welcomes the "first exam", and the US-Iran agreement is expected to be reached.

Elon Musk's SpaceX successfully landed on Nasdaq last Friday, setting a record for the largest IPO in history. Looking ahead to the next week, the US and Iran may soon sign an agreement, allowing for the Strait of Hormuz to reopen; the Federal Reserve will announce its interest rate decision on Wednesday, and the new chair, Kevin Wash, will hold his first press conference after taking office. The S&P 500 index rose 0.5% on Friday, the Dow rose 0.7%, and the Nasdaq rose 0.3%. SpaceX's first day of trading saw a 19% increase, closing at $160.95, with a total market value of $2.1 trillion, making it the sixth largest listed company in the US. Key economic events and data this week Following the excitement of SpaceX's IPO, the market's focus now turns to the Federal Reserve's interest rate decision on Wednesday, with expectations that the Federal Open Market Committee (FOMC) will maintain the interest rate. This meeting is also the first meeting chaired by Kevin Wash since taking office, and the press conference afterwards will be an important window to observe the new direction of Federal Reserve policy. Overall economic data this week is relatively subdued. Manufacturing output data will be released on Monday, providing a clear reflection of the current state of the real economy. The producer price index released last week showed the largest increase in wholesale prices since November 2022. In terms of earnings reports, Accenture Plc Class A (ACN.US) will release its financial report on Thursday, which will also be an important reference for judging the overall outlook of the information technology industry. Wash's "debut" The market has largely digested the results of the Federal Reserve's meeting on Wednesday: the Federal Open Market Committee is expected to keep interest rates unchanged and plan to raise them by 25 basis points later this year. New Federal Reserve Chair Kevin Wash still faces significant challenges, as this meeting will be his first interest rate meeting since taking office. Nominated by former President Donald Trump, Wash still faces challenges despite Trump's push for rate cuts. Inflation rates have been rising, with the Consumer Price Index (CPI) in May reaching a new high since 2023, and producer prices also reaching a peak since 2022. Nonfarm payroll numbers have exceeded market expectations for several months, while the unemployment rate remains unchanged. The May nonfarm report showed an addition of 172,000 jobs, far exceeding expectations. James Egloff, Chief US Economist at BNP Paribas, said after the release of the nonfarm data, "The strong growth this year, gradually tightening labor market, and persistent high inflation, is distinctly different from the expectations when the Federal Reserve cut rates last autumn. We expect monetary policy to make corresponding adjustments." Wash also needs to address another issue: artificial intelligence and its impact on the labor market. He will face many related issues, such as whether artificial intelligence has raised wages for workers or caused unemployment, further raising the unemployment rate. Thierry Vizman and Gareth Berry, strategists at Macquarie, said, "We expect the inflation impact of artificial intelligence development to be a key topic of discussion for the Federal Open Market Committee. If there are signs that large-scale investments in the medium to long term will generate inflationary pressures, Wash's view that arti...