Compiled by GaryMa Wu on Blockchain
summary
Wu said this week's macroeconomic indicators and analysis: Last week, the preliminary benchmark of the US non-farm payrolls was revised down significantly more than expected, and the overall US inflation in August remained mild; this week's focus will be on the interest rate decisions of the central banks of the United States, Japan, and the United Kingdom, the China-US talks, and Trump's visit to the UK.
Last Week Review
This week's key events & indicators
September 15
September 17
September 18
September 19
summary
Wu said this week's macroeconomic indicators and analysis: Last week, the preliminary benchmark of the US non-farm payrolls was revised down significantly more than expected, and the overall US inflation in August remained mild; this week's focus will be on the interest rate decisions of the central banks of the United States, Japan, and the United Kingdom, the China-US talks, and Trump's visit to the UK.
Last Week Review
- The initial value of the benchmark change in non-farm employment in the United States in 2025 was -911,000, the expected value was -700,000, and the previous value was -598,000.
- The US core consumer price index (CPI) rose to 3.1% in August, compared to expectations of 3.10% and the previous reading of 3.10%. The US CPI rose to 2.9% in August, compared to expectations of 2.90% and the previous reading of 2.70%. While the US CPI rose more than expected in August and the annual increase in inflation was the largest in seven months, these figures are not expected to prevent the Federal Reserve from cutting interest rates next week due to the weak job market.
- The U.S. PPI annual rate in August was 2.6%, the lowest since June, far below the expected 3.3%. The previous value was revised down from 3.3% to 3.1%; the monthly rate was -0.1%, the first decline in four months, below the expected 0.3%. The previous value was revised down from 0.9% to 0.7%.
- The number of initial jobless claims in the United States for the week ending September 6 was 263,000, in line with expectations of 235,000. The previous value was revised from 237,000 to 236,000.
- China's CPI annual rate in August was -0.4%, expected to be -0.20%, and the previous value was 0.00%.
- China's M2 money supply annual rate in August was 8.8%, in line with expectations of 8.6% and the previous value of 8.8%.
- The European Central Bank announced its interest rate decision, keeping the three key interest rates in the euro area unchanged for the second consecutive time.
This week's key events & indicators
September 15
- China and the United States hold talks in Spain
September 17
- Bank of Canada announces interest rate decision (21:45)
- US President Trump pays state visit to the UK (09:30)
September 18
- The Federal Reserve announces its interest rate decision and Fed Chairman Powell holds a monetary policy press conference (02:00)
- Bank of England announces interest rate decision and meeting minutes (19:00)
September 19
- Bank of Japan announces interest rate decision
