Compiled by: GaryMa (Wu Blockchain Blockchain)
summary
Wu Blockchain analysis of macroeconomic indicators this week: Last week's Fed meeting minutes showed moderate GDP growth, a continued cooling of the labor market, and robust economic activity; this week's focus is on the US non-farm payroll report and CES, the "tech gala."
Last week's review
Key events & indicators this week
January 05
January 06
January 07
January 08
January 9
summary
Wu Blockchain analysis of macroeconomic indicators this week: Last week's Fed meeting minutes showed moderate GDP growth, a continued cooling of the labor market, and robust economic activity; this week's focus is on the US non-farm payroll report and CES, the "tech gala."
Last week's review
- The minutes of the Federal Reserve's December meeting showed that U.S. real GDP has grown moderately this year, the labor market has continued to cool, and wage growth is roughly the same as the same period last year. Economic activity was solid in the third quarter, but the average growth rate for the first three quarters of this year remained moderate, lower than the previous forecast for 2024. The government shutdown is expected to drag down short-term GDP. Staff expect that as financial conditions improve and the impact of tariffs gradually diminishes, economic growth will be slightly above potential after 2025, the unemployment rate will gradually decline, and inflation will return to 2% in 2028 after short-term pressure, but overall uncertainty remains high. Participants generally believed that inflation risks remain tilted to the upside, while labor market-related risks are tilted to the downside.
- The number of Americans filing for initial jobless claims for the week ending December 27 was 199,000, the lowest since the week ending November 29, compared with expectations of 220,000 and a revised figure of 215,000 for the previous week (originally 214,000).
- The Bank of Japan released a summary of comments from policymakers at its December monetary policy meeting. At the meeting that decided to raise interest rates, some policymakers suggested that "the degree of monetary easing should be adjusted at appropriate times in the future," and opinions calling for continued rate hikes emerged. Others advocated that "at this stage, the pace should be considered, proceeding at a rate of once every few months."
- China's official manufacturing PMI for December was 50.1%, rising into expansion territory for the first time since April.
Key events & indicators this week
January 05
- US December ISM Manufacturing PMI (23:00)
January 06
- The "Tech Spring Festival Gala" of the 2026 Consumer Electronics Show (CES) was held in Las Vegas.
January 07
- US December ADP Employment Change (in thousands)
January 08
- US initial jobless claims for the week ending January 3 (in thousands) (21:30)
January 9
- US December Unemployment Rate (21:30)
- US December seasonally adjusted nonfarm payrolls (thousands) (21:30)
