Next week, pay attention to the minutes of the May FOMC meeting released on Wednesday, which may reveal more Fed officials' attitudes and decision-making details on monetary policy. In addition, it is also necessary to pay attention to the anti-epidemic data in Beijing. China's handling of the epidemic determines the status of the global supply chain. If the supply chain problem is not resolved, global inflation will remain high, and there will be no room for monetary policy relaxation in Europe and the United States, leading to an economic recession. The probability will also be greatly increased.