Macro outlook for next week: Trump barely leaves the market a chance to blink, and the Fed is expected to keep interest rates stable

Mars Finance News, over the past week, concerns about the trade war have been lingering in the minds of global investors, and Trump's erratic behavior has exacerbated market volatility. At the same time, the latest non-farm data and the University of Michigan consumer survey have further clouded the prospect of interest rate cuts by the Federal Reserve. Trump will hardly give the market a chance to blink in the coming week, and further news on his tariff plan will continue to attract close attention. In addition, US inflation data and Fed Chairman Powell's trip to Capitol Hill may be key to the near-term outlook for US rate cuts. The key points that the market will focus on in the coming week are as follows: Monday 22:00, ECB President Lagarde participates in a plenary debate on the ECB's 2023 annual report Tuesday 0:00, US January New York Fed 1-year inflation expectation Tuesday 21:50, Cleveland Fed President Mester speaks on the economic outlook Tuesday 23:00, Fed Chairman Powell testifies before the Senate and delivers the semi-annual monetary policy report Wednesday 4:30, FOMC permanent voter, New York Fed President Williams speaks Wednesday 21:30, US January CPI, core CPI Wednesday 23:00, Fed Chairman Powell testifies before the House Financial Services Committee on semi-annual monetary policy Thursday 1:00, 2027 FOMC voter, Atlanta Fed President Bostic speaks on the economic outlook Thursday 21:30, US initial jobless claims for the week ending February 8 Thursday 21:30, US January PPI YoY, MoM Friday 21:30, US January retail sales MoM Friday 22:15, US January industrial production MoM Several Wall Street analysts have warned that due to seasonal factors, January is traditionally a more challenging period for forecasting CPI, which increases the potential for market volatility around the data release. According to the Cleveland Fed's Inflation Nowcasting indicator, the overall CPI year-on-year growth rate in January is expected to be 2.85%, and the core CPI year-on-year growth rate to be 3.13%, only slightly slower than the previous month. This should reinforce market expectations that the Fed will keep rates stable at the March meeting. (Gold Ten)