Compiled by: GaryMa Wu Blockchain about blockchain
summary
Wu Blockchain this week's macro indicators and analysis: Last week, Powell sent the strongest signal of interest rate cuts to date at the Jackson Hole Economic Symposium, saying that the Fed intends to take action to prevent further weakening of the U.S. labor market; this week's focus will be on the U.S. core PCE in July, initial jobless claims, and the revised annualized quarterly rate of real GDP in the second quarter.
Last week review
This week's key events & indicators
August 29
August 30
August 31
summary
Wu Blockchain this week's macro indicators and analysis: Last week, Powell sent the strongest signal of interest rate cuts to date at the Jackson Hole Economic Symposium, saying that the Fed intends to take action to prevent further weakening of the U.S. labor market; this week's focus will be on the U.S. core PCE in July, initial jobless claims, and the revised annualized quarterly rate of real GDP in the second quarter.
Last week review
- Federal Reserve Chairman Powell sent the strongest signal yet of a rate cut at the Jackson Hole Economic Symposium, saying the Fed intends to take action to prevent further weakening of the U.S. labor market.
- Minutes of the RBA's August meeting: interest rates may remain high for a "long period of time".
- The final annual rate of Eurozone CPI in July was 2.6%, in line with expectations and the previous value of 2.60%.
- Minutes of the Federal Reserve's July meeting: The vast majority of policymakers expect September to be a good time to cut interest rates, and some hope to take action in July.
- Minutes of the ECB's July meeting: The inflation target may be delayed, and September is a "good time" to reassess policy.
This week's key events & indicators
August 29
- Number of initial jobless claims in the United States for the week ending August 24 (10,000 people) (20:30)
- US second quarter real GDP annualized quarterly rate revised value (20:30)
- 2024 FOMC voting member and Atlanta Fed President Bostic speaks on the economic outlook (06:00)
August 30
- U.S. core PCE price index annual rate in July (20:30)
- Final value of the University of Michigan Consumer Confidence Index for August (20:00)
- 2024 FOMC voting member and Atlanta Fed President Bostic speaks on monetary policy and economic outlook (03:30)
August 31
- China's official manufacturing PMI for August (09:30)
