On January 24th, this week, the market witnessed another instance of Trump's "TACO" trade. Escalating tensions related to Greenland led to a 1% to 3% drop in global stock markets, but after Trump "backed down," US stocks rebounded to near historical highs. Precious metals were pushed to the next milestone: silver surpassed $100, and gold approached $5000. Looking ahead to next week, market volatility is unlikely to lessen. Weekend anxieties and a generally tense atmosphere surrounding Iran are fueling market activity, especially with the Federal Open Market Committee (FOMC) meeting approaching and Trump preparing to announce his nominee for the next Fed Chair. The following are key points the market will focus on in the coming week (all times are Beijing time):
At 3:00 AM on Thursday, the Federal Reserve FOMC will announce its interest rate decision, with the previous value at 3.75% and the forecast at 3.75%.
Powell will hold a monetary policy press conference at 03:30 on Thursday.
At 21:30 on Thursday, the number of initial jobless claims in the United States for the week ending January 24 (in thousands);
At 21:30 on Friday, the US December PPI year-on-year rate will be released.
At 02:30 on Saturday, Musalaim, a 2028 FOMC voting member and president of the Federal Reserve Bank of St. Louis, will speak on the U.S. economy and monetary policy.
