Wu Blockchain analysis of this week's macroeconomic indicators: US, Japanese and European central bank decisions, and China-US trade talks.

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Compiled by: GaryMa (Wu Blockchain Blockchain)

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Wu Blockchain analysis of macroeconomic indicators this week: Last week's US inflation data, CPI and PCE, met expectations; this week's focus is on the central bank decisions of the US, Japan, and Europe, as well as the China-US trade talks.

Last week's review
  • The U.S. core PCE price index rose 3.1% year-on-year in January, in line with market expectations, compared with 3% in the previous month.
  • The revised annualized quarterly rate of US real GDP growth in the fourth quarter was 0.7%, compared to an expected 1.40% and a previous reading of 1.40%.
  • The U.S. unadjusted CPI rose 2.4% year-on-year in February, in line with expectations.
  • China's CPI rose 1.3% year-on-year in February, below the expected 0.8% and the previous reading of 0.20%.
  • China's M2 money supply grew at an annualized rate of 9% in February, roughly in line with market expectations of 8.9%.
  • The number of Americans filing for unemployment benefits for the week ending March 7 was 213,000, with the previous week's figure revised from 213,000 to 214,000.
  • The initial estimate for the US one-year inflation rate in March was 3.4%, compared to a forecast of 3.7% and a previous reading of 3.40%.
Key events & indicators this week
March 16
  • NVIDIA GTC conference will be held from March 16th to 19th.
  • China-US trade talks will be held from March 14 to 17.

March 18
  • US February PPI YoY (20:30)

March 19
  • Federal Reserve Interest Rate Decision (02:00)
  • The Bank of England announces its interest rate decision and meeting minutes (20:00).
  • European Central Bank announces interest rate decision (21:15)
  • US initial jobless claims for the week ending March 14 (in thousands) (20:30)
  • Bank of Japan to announce interest rate decision (to be determined)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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