PANews February 15 news, this week's CPI report showed that the US consumer inflation rate rose, Federal Reserve Chairman Powell acknowledged that more work needs to be done to eliminate price pressures in the economy, and rate cut expectations cooled, but the subsequent weak retail sales data gave people some hope. Wall Street's ability to handle dramatic events has been exercised again. The fact has proved again that traders are capable of this task, and the overall market has not been greatly affected in the end. The following are the key points that the market will focus on in the new week:
Monday 22:30, speech by FOMC voter and Philadelphia Fed President Harker;
Monday 23:20, speech by Fed Governor Bowman;
Tuesday 23:20, speech by FOMC voter and San Francisco Fed President Daly;
Thursday 03:00, the Fed will release the minutes of the January monetary policy meeting;
Thursday 21:30, the number of initial jobless claims in the US as of February 15, the Philadelphia Fed manufacturing index in February;
Thursday 22:35, speech by FOMC voter and Chicago Fed President Goolsbee;
Friday 01:05, speech by FOMC voter and St. Louis Fed President Mester at the New York Economic Club;
Friday 22:45, preliminary S&P Global Manufacturing PMI/Services PMI in the US in February;
Friday 23:00, final Michigan Consumer Sentiment Index in the US in February, final one-year inflation rate expectation in the US in February.
After Powell's semi-annual testimony and the January inflation data, investors are unlikely to pay much attention to the Fed's January meeting minutes next week. So the focus may be on the S&P Global PMI data for February on next Friday. PMI below 50 could put pressure on the dollar and boost gold. A survey of more than 50 global fund managers conducted by Bank of America in February showed that betting on a stronger dollar is still seen as the most crowded trade among interest rate and currency traders. Nearly half of investors still expect the dollar exchange rate to peak in the first quarter of this year.
