BlockBeats news: On January 14, the U.S. Supreme Court is expected to issue a ruling on the Trump-era tariffs case on Wednesday, January 14. Prior analyses have suggested that a ruling declaring the tariffs illegal could trigger massive tariff refunds, which typically require years of case-by-case litigation and would create a non-immediate but significant cash flow impact. White House economic advisor Kevin Hassett stated that if the U.S. government does not prevail in the Supreme Court's tariff lawsuit, "we have other ways to achieve the same objectives."
At 21:30 PM tonight (UTC+8), the U.S. will release the November retail sales monthly change, with the previous value at 0.00% and the forecast at 0.4%. The U.S. will also release the November PPI (Producer Price Index) annual rate, with the forecast at 2.7%, and the November PPI monthly change, with the forecast at 0.2%.
Today, Fed Governor Mullan will deliver a speech in Athens. Also, Narayana Kocherlakota, President of the Richmond Fed and a 2027 FOMC voter, will speak, as will Patrick Harker, President of the Philadelphia Fed and a 2026 FOMC voter, who will comment on economic outlook.