美国至7月11日当周红皮书商业零售销售年率 8.2%，前值11.5%。

市场定价显示，本月美联储加息押注被下调。

Warsh said today's CPI does not mean "mission accomplished" and the Fed will firmly support a 2% inflation target; the Fed has "zero tolerance" for high inflation, expects more limited inflation upticks, will review its inflation framework and plans to eliminate tax provisions with inflationary effects. On the balance sheet, any policy shift would be signaled well in advance to markets; the Fed can begin seriously considering when to resume purchases of Treasury securities. If challenged by Trump, he said he will "fulfill his duties" and seeks to insulate the Fed from political interference. Long term, AI implies substantial productivity gains and is broadly positive for the economy, but he warned against complacency. On employment, price stability and full employment are not mutually exclusive and he is committed to achieving both.