Compiled by: GaryMa Wu Blockchain
Abstract
Wu Blockchain's weekly macroeconomic indicators and analysis: Last week, the US January core PCE met expectations; This week, the focus will be on the US February non-farm payroll report, the release of the Federal Reserve's Beige Book, Powell's speech, the ECB's interest rate decision, and the White House Crypto Summit.
Last Week in Review
Key Events & Indicators This Week
March 03
March 04
March 05
March 06
March 07
Abstract
Wu Blockchain's weekly macroeconomic indicators and analysis: Last week, the US January core PCE met expectations; This week, the focus will be on the US February non-farm payroll report, the release of the Federal Reserve's Beige Book, Powell's speech, the ECB's interest rate decision, and the White House Crypto Summit.
Last Week in Review
- The US January core PCE price index year-on-year recorded 2.5%, a new low since June 2024, expected 2.5%, previous 2.6%.
- Federal Reserve Vice Chair for Supervision Barr: Monetary policy and financial stability are inseparable.
- 2027 FOMC voter, Richmond Fed President Barkin, gave a speech on inflation: expressed a cautious attitude towards the future monetary policy path, while also emphasizing the importance of the Federal Reserve continuing to take restrictive measures in the current complex environment.
- The number of initial jobless claims in the US as of February 22 was 242,000, higher than the expected 221,000, a new high since the week of December 7, 2024.
- The revised Q4 US real GDP annualized quarter-on-quarter was 2.3%, in line with the initial value.
- The ECB released the minutes of the January monetary policy meeting: Implementing a restrictive monetary policy is safe.
- China's official manufacturing PMI in February was 50.2, up from 49.1 previously; China's official non-manufacturing PMI in January was 50.4, up from 50.2 previously.
Key Events & Indicators This Week
March 03
- China Caixin Manufacturing PMI for February (09:45)
- US February ISM Manufacturing PMI (23:00)
March 04
- RBA releases minutes of February monetary policy meeting (08:30)
March 05
- China Caixin Services PMI for February (09:45)
- US February ADP Employment Change (10,000s) (21:15)
March 06
- Federal Reserve releases Beige Book (03:00)
- ECB announces interest rate decision (21:15)
- US Initial Jobless Claims for the week ending March 1 (10,000s) (21:30)
March 07
- US February Unemployment Rate (21:30)
- US February Nonfarm Payrolls (10,000s) (21:30)
- US President Trump hosts Crypto Summit at the White House
- Federal Reserve Chair Powell speaks at the 2025 US Monetary Policy Forum Luncheon at the University of Chicago Booth School of Business
