PANews, February 9 news, over the past week, concerns about the trade war have been lingering in the minds of global investors, and Trump's erratic behavior has exacerbated market volatility. At the same time, the latest non-farm data and the University of Michigan consumer survey have further clouded the prospect of rate cuts by the Federal Reserve. Trump will hardly give the market a chance to blink in the coming week, and further news on his tariff plan will continue to attract close attention. In addition, US inflation data and Fed Chair Powell's trip to Capitol Hill may be key to the near-term outlook for US rate cuts. The key points that the market will focus on in the coming week are as follows:
Monday 22:00, ECB President Lagarde participates in a plenary debate on the ECB's 2023 Annual Report
Tuesday 0:00, US NY Fed 1-year inflation expectation for January
Tuesday 21:50, Cleveland Fed President Mester speaks on the economic outlook
Tuesday 23:00, Fed Chair Powell testifies before the Senate and delivers the semi-annual monetary policy report
Wednesday 4:30, FOMC permanent voter, NY Fed President Williams speaks
Wednesday 21:30, US January CPI, core CPI
Wednesday 23:00, Fed Chair Powell testifies before the House Financial Services Committee on the semi-annual monetary policy report
Thursday 1:00, 2027 FOMC voter, Atlanta Fed President Bostic speaks on the economic outlook
Thursday 21:30, US initial jobless claims for the week ending February 8
Thursday 21:30, US January PPI YoY, MoM
Friday 21:30, US January retail sales MoM
Friday 22:15, US January industrial production MoM
Several Wall Street analysts warn that due to seasonal factors, January is traditionally a more challenging period for CPI forecasting, which increases the potential for market volatility around the data release. According to the Cleveland Fed's Inflation Nowcasting indicator, the overall CPI YoY growth rate is expected to be 2.85% in January, and the core CPI YoY growth rate is expected to be 3.13%, only slightly slower than the previous month. This should reinforce market expectations that the Fed will keep rates steady at the March meeting.
