Compiled by: GaryMa Wu Blockchain
Summary
Wu Blockchain's Weekly Macro Indicators and Analysis: Last week, the US February core PCE exceeded expectations, and a Bank of Japan committee member stated they will continue to raise interest rates if economic and price outlook is realized; this week will see the US March non-farm employment report, Trump's "Tariff Storm" on April 2nd, Federal Reserve Chairman Powell's speech, and the European Central Bank's March monetary policy meeting minutes.
Last Week Review
Key Events & Indicators This Week
March 31
April 01
April 02
April 03
April 04
Summary
Wu Blockchain's Weekly Macro Indicators and Analysis: Last week, the US February core PCE exceeded expectations, and a Bank of Japan committee member stated they will continue to raise interest rates if economic and price outlook is realized; this week will see the US March non-farm employment report, Trump's "Tariff Storm" on April 2nd, Federal Reserve Chairman Powell's speech, and the European Central Bank's March monetary policy meeting minutes.
Last Week Review
- The Bank of Japan's March policy meeting minutes summary showed that a committee member stated they will continue to raise interest rates if economic and price outlook is realized, but should not have preset ideas about specific policy management.
- US initial jobless claims for the week of March 22 were 224,000, estimated at 225,000, with the previous value at 223,000.
- US Q4 real GDP annualized quarter-on-quarter final value was 2.4%, estimated at 2.3%, with the revised value at 2.3%.
- US Q4 core PCE price index annualized quarter-on-quarter final value was 2.6%, estimated at 2.7%.
- US February core PCE price index year-on-year was 2.8%, expected 2.7%, a new high since December 2024.
- US March University of Michigan Consumer Confidence Index final value was 57, below the expected 57.9, with the initial value at 57.9.
- US March University of Michigan one-year inflation expectation final value was 5%, expected 4.9%, with the previous value at 4.90%.
Key Events & Indicators This Week
March 31
- China's March Official Manufacturing PMI (09:30)
April 01
- China's March Caixin Manufacturing PMI (09:45)
- US March ISM Manufacturing PMI (22:00)
April 02
- US March ADP Employment (20:15)
- US President Trump plans to implement reciprocal and industry-specific tariffs, imposing a 25% tariff on imported cars and a 25% tariff on countries purchasing Venezuelan energy.
April 03
- China's March Caixin Services PMI (09:45)
- European Central Bank publishes March Monetary Policy Meeting Minutes (19:30)
- US Initial Jobless Claims for the week ending March 29 (20:30)
April 04
- US March Unemployment Rate (20:30)
- US March Seasonally Adjusted Non-Farm Employment (20:30)
- Federal Reserve Chairman Powell delivers keynote speech (23:25)
