GuShiio.com Compiled by: GaryMa GuShiio.com blockchain
abstract
GuShiio.com This Week’s Macroeconomic Indicators and Analysis: The minutes of the Federal Reserve meeting last week stated that the inflation rate is still slightly higher, the economic outlook is uncertain, and the risks to achieving employment and inflation targets are roughly balanced; this week we focus on the Federal Reserve’s favorite inflation indicator, the core PCE in January, the revised annual quarterly rate of real GDP in the United States in the fourth quarter, and the minutes of the January monetary policy meeting released by the European Central Bank.
Last week review
The Federal Reserve released the minutes of its January monetary policy meeting: The current inflation rate is still slightly high, the economic outlook is uncertain, and the risks to achieving employment and inflation targets are roughly balanced.
Federal Reserve Governor Bowman delivered a speech on the economic outlook: Inflation is expected to fall, but upside risks still exist. Before cutting interest rates again, there is a need to have stronger confidence in the decline in inflation. Patiently waiting for interest rates will help gain a clearer understanding of the impact of government policies.
In the United States, the number of initial jobless claims for the week ending February 15 recorded 219,000, and the market expectation was 215,000.
The Reserve Bank of Australia announced a rate cut of 25 basis points to 4.1%, in line with expectations and the first rate cut since November 2020.
The central bank of New Zealand cut its benchmark interest rate by 50 basis points to 3.75%, in line with market expectations and the fourth consecutive interest rate cut.
Key event indicators for the week
February 26
Federal Reserve Governor Barr delivered a speech (00:45)
2027 FOMC Vote Committee and Richmond Fed Chairman Balkin delivered a speech on inflation (02:00)
February 27
Number of initial jobless claims in the United States for the week ending February 22 (ten thousand people)(21:30)
Revised annualized quarterly rate of real GDP in the fourth quarter of the United States (21:30)
The European Central Bank releases minutes of its January monetary policy meeting (20:30)
February 28
U.S. core PCE price index annual rate in January (21:30)
March 01
China’s February official manufacturing PMI (09:30)
