The U.S. Supreme Court's tariff ruling is imminent, and Federal Reserve officials are speaking out—how do macroeconomic data influence the market?

【BlockBeats】The U.S. Supreme Court is expected to issue a ruling on the Trump tariffs case on January 14. Analysts warn that once the court rules the tariffs illegal, it could trigger a large-scale refund application, but due to the complex case-by-case litigation process involved, the fund flow may be delayed for years, making it difficult to create a short-term cash flow impact. White House economic advisor Hassett made a rather meaningful statement — even if the government loses the lawsuit in the Supreme Court, there are alternative plans to achieve the same policy goals.

On the macro data front, the U.S. will release several key indicators tonight at 21:30 (UTC+8). The November retail sales month-over-month preliminary value was 0.00%, with market expectations rebounding to 0.4%, reflecting consumer trends; simultaneously, the November PPI annual rate is expected to be 2.7%, with a month-over-month expectation of 0.2%, and inflation data continues to be closely monitored by the market.

Federal Reserve officials’ speeches are also worth noting — Fed Governor Mester will speak in Athens, FOMC voting member Barkin from the Richmond Fed, and FOMC voting member Posen from the Philadelphia Fed will all share their views on the economic outlook. These policy signals often preemptively reflect the Fed’s latest assessment of the economic situation.