This week, after the Federal Reserve maintained its expectation of "three interest rate cuts within the year," the three major indexes regained their upward momentum, with a collective weekly increase of 2%.
Looking ahead to next week, the most eye-catching data will be next Friday's US February personal consumption expenditure report, which will include the Federal Reserve's favorite inflation indicator - the core PCE price index, which is expected to maintain a year-on-year increase of 2.8%.
Previously, due to the slower than expected slowdown in US CPI and PPI, the benchmark S&P 500 index fell for two consecutive weeks due to market concerns that the Federal Reserve may reduce interest rate cuts in the coming years.
But in this week's monetary resolution, the Federal Reserve hinted in its released "dot matrix" that officials overall believe that the year-end central bank interest rate will be 75 basis points lower than the current level, which is basically consistent with the view in December last year.
The Boock Report author Peter Boockvar stated that Powell has clearly shown a dovish bias, and even a strong labor market will not prevent the start of interest rate cuts.
Next week, several senior Federal Reserve officials will appear to speak, including Chairman Powell, Director Cook, and Waller, as well as Atlanta Fed Chairman Bostic, all of whom are members of this year's FOMC voting committee and may reveal further clues about the future interest rate path.
In terms of financial reports, the peak period of US stock market performance has passed, and the performance of various technology companies has also confirmed the rationality of stock price increases.
In addition, the Palestine Israel and Russia-Ukraine conflict are likely to make new progress. On the other hand, Israeli Prime Minister Netanyahu told visiting US Secretary of State Antony Blinken that Israel would also attack Rafah in the southern Gaza Strip on the ground without US support.
Shortly before publishing, a shooting incident occurred at a music hall near Moscow, Russia, resulting in at least 40 deaths and over 100 injuries. According to Russian media reports, the gunmen also threw hand grenades or incendiary bombs, causing a fire and causing the top of the attacked building to collapse.
Overview of important economic events next week (Beijing time):
Monday (March 25th): Atlanta Fed Chairman Bostek delivers a speech, US February annualized total new home sales, US March Dallas Fed Business Activity Index, and Federal Reserve Director Cook delivers a speech on the Fed's dual mission
Tuesday (March 26th): German April Gfk Consumer Confidence Index, US January FHFA House Price Index Monthly Rate, US January S& P/CS: Annual rate of housing prices in 20 major cities, March Consumer Confidence Index of the US Chamber of Commerce, March Richmond Fed Manufacturing Index of the US
Wednesday (March 27th): Australia's February unadjusted CPI annual rate, Eurozone March economic sentiment index, US EIA commercial/strategic crude oil inventories for the week ending March 22nd
Thursday (March 28th): Federal Reserve Director Waller delivered a speech on economic prospects, Bank of Japan announced the opinions of January monetary policy meeting review committee members, UK Q4 GDP annual rate final value, Germany March quarterly adjusted unemployment, Canada January GDP monthly rate, US Q4 real GDP annualized quarterly rate final value, US March Chicago PMI
Friday (March 29th): Japan's February unemployment rate, the US February core PCE price index annual rate, and Federal Reserve Chairman Powell delivering speeches at the Federal Reserve Bank event in San Francisco