Compiled by: GaryMa Wu Blockchain
Abstract
Wu Blockchain's weekly macroeconomic indicators and analysis: The minutes of the FOMC meeting last week showed an attitude of slowing the pace of rate cuts, and the non-farm payrolls data significantly exceeded market expectations; This week, the focus will be on the US inflation data CPI & PPI, as well as the release of the Fed's Beige Book on the economic situation and the minutes of the ECB's December monetary policy meeting.
Review of Last Week
Key Events & Indicators This Week
January 14
January 15
January 16
Abstract
Wu Blockchain's weekly macroeconomic indicators and analysis: The minutes of the FOMC meeting last week showed an attitude of slowing the pace of rate cuts, and the non-farm payrolls data significantly exceeded market expectations; This week, the focus will be on the US inflation data CPI & PPI, as well as the release of the Fed's Beige Book on the economic situation and the minutes of the ECB's December monetary policy meeting.
Review of Last Week
- The seasonally adjusted non-farm payrolls in the US in December were 256,000, significantly exceeding the market expectation of 160,000, reaching a new high since March 2024.
- The US unemployment rate in December was 4.1%, expected to be 4.2%.
- The US ADP employment change in December increased by 122,000, expected to be 140,000, and the previous value was 146,000.
- The Caixin China Services PMI in December recorded 52.2, up 0.7 percentage points from November, the highest since June 2024, indicating that the service sector's business activity is accelerating its expansion.
- The minutes of the FOMC's December monetary policy meeting showed that the Fed will slow the pace of rate cuts.
- China's CPI year-on-year in December was +0.1%, expected to be +0.1%, and the previous value was +0.2%.
- The number of initial jobless claims in the US as of January 4 was 201,000, a new low since the week of February 17, 2024. The expected was 218,000, and the previous value was 211,000.
Key Events & Indicators This Week
January 14
- US December PPI year-on-year (21:30)
January 15
- US December CPI year-on-year (21:30)
January 16
- Fed to release Beige Book on economic conditions (03:00)
- ECB to release minutes of December monetary policy meeting (20:30)
- US initial jobless claims for the week ending January 11 (21:30)
