According to PANews, the market experienced another turbulent week as U.S. President Donald Trump pledged to impose additional tariffs, potentially diminishing the economic optimism that followed his election. Despite the volatility, gold prices continued to rise, reaching a new high above $2,950. However, questions arise about whether bullish pressure is waning as the market failed to sustain its upward momentum later in the week.
Following the release of strong U.S. CPI data, the core PCE price index will be a key focus for the market next week. Important events to watch include:
- Monday at 22:30 (UTC+8): U.S. February Dallas Fed Business Activity Index.
- Tuesday at 17:20 (UTC+8): Speech by 2026 FOMC voter and Dallas Fed President Logan.
- Wednesday at 00:45 (UTC+8): Speech by Federal Reserve Governor Barr.
- Wednesday at 02:00 (UTC+8): Speech on inflation by 2027 FOMC voter and Richmond Fed President Barkin.
- Thursday at 01:00 (UTC+8): Speech on economic outlook and housing market by 2027 FOMC voter and Atlanta Fed President Bostic.
- Thursday at 21:30 (UTC+8): U.S. Q4 GDP annualized rate revision, Q4 GDP price index revision, January durable goods orders, and weekly initial jobless claims.
- Friday at 02:15 (UTC+8): Speech on financial stability by 2026 FOMC voter and Cleveland Fed President Harker.
- Friday at 04:15 (UTC+8): Speech on economic outlook by 2026 FOMC voter and Philadelphia Fed President Harker.
- Friday at 21:30 (UTC+8): U.S. January PCE data and personal spending monthly rate.
Over the past two months, the robust U.S. economy has reassured investors to continue injecting funds into U.S. stocks despite tariff threats and Federal Reserve tightening policies. However, Friday's decline in U.S. stocks suggests that this "protection" may be limited. For investors who have recently poured record amounts into various risk investments, even initial signs of pressure on U.S. economic growth prospects are enough to trigger sell-offs. With many Federal Reserve officials speaking before the PCE data release next week, they are expected to maintain a cautious tone, emphasizing uncertainty.