Compiled by: GaryMa Wu Blockchain about blockchain
summary
Wu Blockchain this week's macro indicators and analysis: Last week, the US core PCE price index in July was 2.6% year-on-year, lower than expected; this week's focus is on the US August non-farm payrolls report. The non-farm data in July was far below expectations, which has triggered the market to trade in a recession and bet on the Fed to accelerate the pace of interest rate cuts.
Last week review
This week's key events & indicators
September 02
September 03
September 04
September 05
September 06
summary
Wu Blockchain this week's macro indicators and analysis: Last week, the US core PCE price index in July was 2.6% year-on-year, lower than expected; this week's focus is on the US August non-farm payrolls report. The non-farm data in July was far below expectations, which has triggered the market to trade in a recession and bet on the Fed to accelerate the pace of interest rate cuts.
Last week review
- The four-week average of initial jobless claims in the United States for the week ending August 24 was 231,500, and the previous value was revised from 236,000 to 236,250.
- The annualized quarterly growth rate of real GDP in the second quarter of the United States was revised upward to 3%, from the initial value of 2.8%.
- The US core PCE price index was 2.6% year-on-year in July, in line with expectations of 2.70%.
- The University of Michigan announced that the final value of its consumer confidence index in August was 67.9, higher than the initial value of 67.8.
- China's official manufacturing PMI for August was 49.1%.
- Fed's Bostic: Inflation is falling faster than expected, while unemployment is rising much faster than I expected. If you need to raise interest rates again after cutting interest rates, it's not a good idea. Set the neutral interest rate expectation at 3%.
This week's key events & indicators
September 02
- China's August Caixin Manufacturing PMI (09:45)
September 03
- US August ISM Manufacturing PMI (22:00)
September 04
- Eurozone service industry PMI in China, the UK, France and Germany
- Bank of Canada interest rate decision on September 4 (21:45)
September 05
- The Federal Reserve releases the Beige Book on economic conditions (02:00)
- U.S. ADP employment in August (10,000 people) (20:15)
- Number of initial jobless claims in the United States for the week ending August 31 (10,000 people) (20:30)
September 06
- U.S. unemployment rate in August (20:30)
- U.S. August seasonally adjusted non-farm payrolls (10,000 people) (20:30)
