Tensions Persist Between U.S. and Iran Amid Military Incidents

Despite a temporary cooling of tensions over the weekend, the United States continues its search for a crew member from an F-15E fighter jet shot down by Iran on Friday. According to BlockBeats, Tehran has maintained its aggressive stance towards Gulf Arab nations and Israel, with reports indicating a second U.S. military aircraft crashed in the Persian Gulf on the same day. The situation suggests that both sides are likely to remain on high alert next week, with expectations of U.S. ground forces potentially entering Iran. In addition to the ongoing conflict with Iran, next week's key macroeconomic event is the Federal Reserve's meeting minutes, which analysts believe may confirm a hawkish shift indicated in the dot plot. The schedule of events is as follows: Monday at 22:00 UTC+8, the U.S. March ISM Non-Manufacturing PMI will be released. Tuesday from 15:50 to 16:30 UTC+8, the final March Services PMI for France, Germany, the Eurozone, and the UK will be announced. Tuesday at 23:00 UTC+8, the U.S. March New York Fed 1-Year Inflation Expectation will be published. Wednesday at 00:35 UTC+8, 2027 FOMC voting member and Chicago Fed President Goolsbee will speak on monetary policy. Wednesday at 17:00 UTC+8, the Eurozone February PPI month rate and February retail sales month rate will be released. Thursday at 02:00 UTC+8, the Federal Reserve will release its monetary policy meeting minutes. Thursday at 20:30 UTC+8, the U.S. initial jobless claims, February core PCE price index year rate, February personal spending month rate, Q4 real GDP annualized quarter rate final value, Q4 real personal consumption expenditure quarter rate final value, Q4 core PCE price index annualized quarter rate final value, and February core PCE price index month rate will be announced. Friday at 20:30 UTC+8, the U.S. March unadjusted CPI year rate/core CPI year rate and March adjusted CPI month rate/core CPI month rate will be released. Friday at 22:00 UTC+8, the U.S. April one-year inflation rate expectation preliminary value, April University of Michigan consumer sentiment index preliminary value, and February factory orders month rate will be published. The U.S. Bureau of Labor Statistics will release the March CPI data on Friday, marking the first inflation data reflecting the impact of the conflict. FactSet's consensus forecast anticipates the CPI year-over-year increase to rise from 2.4% to 3.1%.