Preview: Today, a ruling may be announced on Trump's tariff case, and retail sales monthly rate and PPI data are about to be released.

BlockBeats News, January 14 — The U.S. Supreme Court is expected to issue a ruling on the Trump tariffs case on Wednesday, January 14. Previously, analysts pointed out that a “tariff illegal ruling” would trigger a massive refund of tariffs, which typically requires years of litigation on a case-by-case basis, creating an immediate cash flow impact. White House economic advisor Hassett stated, “If we do not win the tariff litigation in the Supreme Court, we have other ways to achieve the same goal.”

Tonight at 21:30 (UTC+8), the U.S. will release November retail sales month-over-month, with a previous value of 0.00%, and an expected 0.4%; the November PPI year-over-year, with an expected 2.7%; and the November PPI month-over-month, with an expected 0.2%.

Today, Federal Reserve Board member Mullan will speak in Athens, FOMC voter for 2027 and Richmond Fed President Barkin will speak; FOMC voter for 2026 and Philadelphia Fed President Posen will comment on economic outlook.