Compiled by: GaryMa Wu Blockchain about blockchain
summary
Wu Blockchain this week's macro indicators and analysis: Last week, the Federal Reserve announced a 50 basis point interest rate cut. The market believes that although Powell denied victory in the fight against inflation at the press conference, he now seems to be only focused on employment; this week's focus is on the US PCE price index in August and the final annualized quarterly value of GDP and PCE price index in the second quarter, as well as speeches by Powell and many other officials.
Last week review
This week's key events & indicators
September 23
September 24
September 25
September 26
September 27
summary
Wu Blockchain this week's macro indicators and analysis: Last week, the Federal Reserve announced a 50 basis point interest rate cut. The market believes that although Powell denied victory in the fight against inflation at the press conference, he now seems to be only focused on employment; this week's focus is on the US PCE price index in August and the final annualized quarterly value of GDP and PCE price index in the second quarter, as well as speeches by Powell and many other officials.
Last week review
- The Federal Reserve announced a 50 basis point rate cut. Powell said in his speech that after taking all the risks into consideration, we cut the interest rate by 50 basis points today. This adjustment will help maintain the strength of the economy and the labor market. "This decision reflects our growing confidence that the strong momentum of the labor market can be maintained as long as we adjust our policy stance appropriately."
- The Bank of England announced that it would keep the base interest rate unchanged at 5.00%, in line with market expectations.
- The number of initial jobless claims in the United States for the week ending September 14 was 219,000, lower than the market expectation of 230,000 and the previous value of 230,000.
- The minutes of the Bank of Canada's monetary policy meeting showed that the housing recovery may be faster than expected; some officials are more worried about downside risks to the economy; weak demand may delay the digestion of excess supply; the central bank still believes that upward risks to wages will push up service inflation.
- The Bank of Japan paused its interest rate hikes, keeping the rate unchanged at 0.25%.
This week's key events & indicators
September 23
- September manufacturing PMI of the UK, France, Germany, the US and the Eurozone
- 2024 FOMC voting member and Atlanta Fed President Bostic speaks on the economic outlook (20:00)
September 24
- RBA announces interest rate decision (12:30)
September 25
- Swedish Central Bank announces interest rate decision (15:30)
September 26
- Bank of Japan releases minutes of July monetary policy meeting (07:50)
- Number of initial jobless claims in the United States for the week ending September 21 (10,000 people) (20:30)
- Final value of the annualized quarterly rate of real GDP in the second quarter of the United States (20:30)
- Final value of the annualized quarterly rate of the US core PCE price index in the second quarter (20:30)
- Federal Reserve Chairman Powell pre-recorded video opening remarks for an event (21:20)
- FOMC permanent voting member and New York Fed President Williams delivered a speech (21:25)
- Federal Reserve Board Governor Barr delivers a speech (22:30)
- U.S. Treasury Secretary Janet Yellen delivers a speech (23:20)
September 27
- U.S. core PCE price index annual rate in August (20:30)
- 2026 FOMC voting member, Minneapolis Fed President Kashkari and Fed Governor Barr hold a fireside chat (01:00)
- 2025 FOMC voting member, Boston Fed President Collins and Fed Governor Kugler delivered speeches (21:30)
