Compiled by: GaryMa Wu Blockchain
Abstract
Wu Blockchain's weekly macroeconomic indicators and analysis: Last week, the US February inflation data CPI & PPI were both lower than expected; This week will see a "Super Central Bank Week", with a focus on the interest rate decisions of the Federal Reserve, the Bank of Japan and the Bank of England. The market currently expects the Federal Reserve and the Bank of Japan to keep interest rates unchanged, and Powell may continue the previous "no need to act hastily" attitude.
Last Week in Review
Key Events & Indicators This Week
March 19
March 20
March 21
Abstract
Wu Blockchain's weekly macroeconomic indicators and analysis: Last week, the US February inflation data CPI & PPI were both lower than expected; This week will see a "Super Central Bank Week", with a focus on the interest rate decisions of the Federal Reserve, the Bank of Japan and the Bank of England. The market currently expects the Federal Reserve and the Bank of Japan to keep interest rates unchanged, and Powell may continue the previous "no need to act hastily" attitude.
Last Week in Review
- The unadjusted US February CPI year-on-year rate was 2.8%, a new low since November last year, lower than the market expectation of 2.9%.
- The number of initial jobless claims in the US for the week ending March 8 was 220,000, expected to be 225,000.
- The US February PPI year-on-year rate was 3.2%, expected to be 3.3%, revised from the previous 3.50% to 3.7%.
- The preliminary University of Michigan consumer confidence index in the US in March was 57.9, the lowest since November 2022. The preliminary 1-year inflation expectation in March was 4.9%, the highest since 2022, compared to 4.3% in February; the preliminary 5-year inflation expectation was 3.9%, the highest in over 30 years, compared to 3.5% previously.
- The US Senate voted to pass the spending bill, avoiding a government shutdown.
Key Events & Indicators This Week
March 19
- Bank of Japan announces interest rate decision
March 20
- FOMC of the Federal Reserve announces interest rate decision (02:00)
- Federal Reserve Chair Powell holds a monetary policy press conference (02:30)
- Swiss National Bank announces interest rate decision (16:30)
- Bank of England announces interest rate decision (20:30)
March 21
- FOMC permanent voter, President of the Federal Reserve Bank of New York Williams delivers a speech (21:05)
