Next week's macro outlook: What will the Fed do next as caution becomes the main theme? Focus on PCE

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PANews
02-22
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PANews February 22 news, as US President Trump promised to impose more tariffs, the market has experienced another turbulent week, and the economic optimism that emerged after Trump's election may begin to wane. Despite the volatility, gold continued to rise this week, refreshing its historical high above $2,950, however, the market always has a voice: as the rebound in the second half of the week failed to continue to set a new historical high, does this mean that the bullish pressure is weakening? After the release of strong US CPI data, the US core PCE price index will be the focus of the market's attention in data next week. The key points that the market will focus on in the new week are as follows:

Monday 22:30, US February Dallas Fed Business Activity Index;

Tuesday 17:20, 2026 FOMC voter, Dallas Fed President Logan speech;

Wednesday 00:45, Fed Governor Barr speech;

Wednesday 02:00, 2027 FOMC voter, Richmond Fed President Barkin speech on inflation;

Thursday 01:00, 2027 FOMC voter, Atlanta Fed President Bostic speech on economic outlook and housing market;

Thursday 21:30, US Q4 real GDP annualized quarter-over-quarter revision, Q4 GDP price index revision, January durable goods orders month-over-month, US initial jobless claims up to February 22;

Friday 02:15, 2026 FOMC voter, Cleveland Fed President Mester speech on financial stability;

Friday 04:15, 2026 FOMC voter, Philadelphia Fed President Harker speech on economic outlook;

Friday 21:30, US January PCE data, January personal spending month-over-month.

Over the past two months, the strong US economy has provided a guarantee for investors to continue to inject funds into US stocks against the backdrop of tariff threats and the Fed's tightening policy, but on Friday, the decline in US stocks may mean that this "protection" may be limited. For investors who have recently poured record amounts of funds into various risk investments, even preliminary signs of pressure on the US economic growth outlook are enough to make them sell. Given that most Fed officials will speak before the PCE data is released next week, it is expected that they will not easily loosen their tone and will continue to emphasize uncertainty and caution.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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