Macro Outlook Next Week: Trump will hardly leave a wink opportunity for the market

PANews February 9 news: Over the past week, concerns about the tariff war have been lingering in the minds of global investors, and Trump's capricious style of acting has exacerbated market volatility. Meanwhile, the latest non-farm data and the University of Michigan consumer survey have made the Fed's prospects for rate cuts even more dark. Trump will also hardly leave a wink for the market in the coming week, and further news about his tariff plan will continue to attract close attention. In addition, U.S. inflation data and Fed Chairman Powell’s trip to Capitol Hill may be key to impacting U.S. rate cut expectations in the near future. Here are the key points that the market will focus on in the new week:

22:00 on Monday, European Central Bank President Lagarde participated in the full debate on the 2023 annual report

Tuesday at 0:00, the US New York Fed's 1-year inflation expectation in January

Cleveland Fed Chairman Hamak speaks on the economic outlook at 21:50 on Tuesday

On Tuesday at 23:00, Federal Reserve Chairman Powell attended the Senate hearing and delivered a semi-annual monetary policy testimony

On Wednesday, FOMC Permanent Voting Committee and New York Fed Chairman Williams delivered a speech

Wednesday at 21:30, US January CPI, core CPI

Fed Chairman Powell delivered semi-annual monetary policy testimony to the House Financial Services Committee on Wednesday at 23:00

Thursday at 1:00, 2027 FOMC voter and Atlanta Fed Chairman Bostic delivered a speech on the economic outlook

Thursday 21:30, the number of initial unemployment claims in the United States to February 8th week

Thursday 21:30, the annual rate and monthly rate of PPI in the United States in January

Friday at 21:30, US January retail sales monthly rate

Friday at 22:15, the monthly rate of industrial output in the United States in January

Several Wall Street analysts warned that January has traditionally been a more challenging time to predict CPI due to seasonal factors, which increases the likelihood of market volatility when data is released. According to the inflation Nowcasting indicator of the Cleveland Fed, the overall CPI year-on-year growth rate in January is expected to be 2.85%, and the core CPI year-on-year growth rate is 3.13%, which is only slightly slowing down from the previous month. This should strengthen market expectations that the Fed will keep interest rates stable at its March meeting.