Macro outlook next week: Trump "plays out", Fed officials will be dispatched

PANews reported on April 12 that "short selling the United States" in the past week has almost become a consensus around the world. In the trust crisis triggered by "all the rise and fall, Trump's rise and fall", US assets were sold wildly, especially US bonds and the US dollar. After a week of huge volatility, concerns surrounding the uncertainty of Trump’s tariff policy, trade tensions and the potential hit to the economy remain, investors will closely monitor further developments while turning their attention to actual economic impacts. Here are the key points that the market will focus on in the new week:]

At 0:00 on Tuesday, 2027 FOMC voter and Richmond Fed Chairman Barkin delivered a speech on crossing the economic fog”;

At 6:00 on Tuesday, 2026 FOMC voter and Philadelphia Fed Chairman Huck spoke on the role played by the Federal Reserve;

At 7:40 on Tuesday, 2027 FOMC voter and Atlanta Fed Chairman Bostic delivered a speech on monetary policy;

On Wednesday, 10:00, China's first-quarter GDP annual rate;

At 0:00 on Thursday, 2026 FOMC voter and Cleveland Fed Chairman Hamake participated in a Q&A;

At 20:30 on Thursday, the number of people applying for unemployment benefits in the United States to the week of April 12;

On Thursday, Fed Chairman Powell spoke at the Chicago Economic Club at 1:15;

At 7:00 Thursday, 2025 FOMC voter, Kansas Fed Chairman Schmid and Dallas Fed Chairman Logan had a fireside conversation on the U.S. economy and banking industry.

Among the upcoming U.S. economic data, retail sales figures for March released on Wednesday will attract attention, and investors will carefully examine U.S. consumers' reaction to policies before Trump announced widespread reciprocity tariffs and later delayed some tariffs. According to analysts' estimates, U.S. retail sales are expected to rise 1.4% month-on-month in March, up from 0.2% in February.