Compiled by: GaryMa Wu Blockchain
Abstract
Wu Blockchain's weekly macroeconomic indicators and analysis: Last week, Trump signed an executive order to establish a strategic Bitcoin reserve, but the content was less than expected. Powell stated that the current US economy is robust, and the Fed still does not need to rush to cut interest rates. The US non-farm data was mixed; this week, the focus will be on the US February inflation data CPI and PPI.
Review of Last Week
Key Events & Indicators This Week
March 12
March 13
March 14
March 15
Abstract
Wu Blockchain's weekly macroeconomic indicators and analysis: Last week, Trump signed an executive order to establish a strategic Bitcoin reserve, but the content was less than expected. Powell stated that the current US economy is robust, and the Fed still does not need to rush to cut interest rates. The US non-farm data was mixed; this week, the focus will be on the US February inflation data CPI and PPI.
Review of Last Week
- Trump has signed an executive order to establish a strategic Bitcoin reserve, with funds coming from Bitcoin seized by the federal government through criminal or civil asset forfeiture procedures, not involving taxpayer funds.
- Powell: The current US economy is robust, and the Fed still does not need to rush to cut interest rates, waiting for Trump's policies to become clearer.
- The US added 151,000 seasonally adjusted non-farm jobs in February, up from 143,000 previously.
- The US unemployment rate in February was 4.1%, expected to be 4%, and the previous value was 4%.
- The US ADP employment change in February unexpectedly fell to 77,000, expected to be 140,000, and the previous value was 183,000.
- China's Caixin manufacturing PMI in February was 50.8, up 0.7 points from January.
- The US ISM manufacturing PMI in February was 50.3, although it continued to expand from January, the magnitude was small and less than expected.
- The minutes of the Reserve Bank of Australia meeting showed that policymakers were cautious about the future easing path after the February rate cut.
- China's Caixin services PMI in February was 51.4, up from 51.0 in January, indicating that service sector activity remained in expansion.
- The Fed's Beige Book: US economic activity has increased slightly, with "tariffs and uncertainty" mentioned unusually frequently.
- The European Central Bank cut interest rates by 25 basis points, hinting that the easing pace may be nearing its end.
- The number of initial jobless claims in the US for the week ending March 1 was 221,000, expected to be 235,000, and the previous value was 242,000.
Key Events & Indicators This Week
March 12
- US February CPI YoY (non-seasonally adjusted) (20:30)
March 13
- US Initial Jobless Claims for the week ending March 8 (20:30)
- US February PPI YoY (20:30)
March 14
- US March 1-Year Inflation Expectation Preliminary (22:00)
- US March University of Michigan Consumer Sentiment Index Preliminary (22:00)
March 15
- The US government's funding will expire on March 15, and if Congress and the Trump administration do not reach an agreement before then, the US government will shut down.
