PANews reported on March 23 that the impact of the Fed meeting in the past week was mixed. The inclusion of stagflation risks in the latest economic forecast seemed to contradict Fed Chairman Powell's assurances of a healthy economy. At the same time, as the deadline (April 2) for Trump to impose broad reciprocal tariffs looms, these factors have caused turmoil in global financial markets. Here are the key points that the market will focus on in the new week:
At 21:45 on Monday, the final values of the US S&P Global Manufacturing and Services PMI for February will be released;
At 21:05 on Tuesday, FOMC permanent voting member and New York Fed President Williams delivered an opening speech at an event;
Tuesday at 22:00, the U.S. Conference Board Consumer Confidence Index for March and the U.S. Richmond Fed Manufacturing Index for March;
At 1:10 on Thursday, 2025 FOMC voting member and St. Louis Fed President Moussallem will deliver a speech;
At 20:30 on Thursday, the number of initial jobless claims in the United States for the week ending March 22;
At 20:30 on Thursday, the final values of the annualized quarterly rate of real GDP, the final values of the quarterly rate of real personal consumption expenditures, and the annualized quarterly rate of the core PCE price index in the fourth quarter of the United States will be released;
At 20:30 on Friday, the U.S. core PCE price index annual rate, personal spending monthly rate, and core PCE price index monthly rate for February will be released.
While the Fed has said it is in no rush to cut rates, market expectations are more dovish. Investors see a strong chance of three rate cuts this year as they bet the U.S. economy will slow more than the central bank expects, meaning growth data will likely take center stage in the coming months.
