Next Week Macro Outlook: Stagflation Ghost Returns, CPI and PCE Data Become Key Variables

BlockBeats News, March 7th, as the situation in Iran further deteriorates, the uncertainty surrounding the future direction has led to intense market volatility this week. Recent data suggests that the Fed will have to address the rising inflation and declining employment to curb the risk of stagflation. Here are the key points that the market will focus on in the new week (all times are UTC+8):

Monday 23:00 (UTC+8), US February New York Fed 1-Year Inflation Expectation;

Wednesday 20:30 (UTC+8), US February Non-Seasonally Adjusted CPI YoY, Non-Seasonally Adjusted Core CPI YoY;

US February Seasonally Adjusted CPI MoM, Seasonally Adjusted Core CPI MoM;

Friday 15:00 (UTC+8), UK January Three-Month GDP MoM, January Manufacturing/Industrial Production MoM, January Seasonally Adjusted Goods Trade Balance;

Friday 20:30 (UTC+8), US January Core PCE Price Index YoY/MoM, US January Personal Spending MoM, US Q4 Real GDP Annualized QoQ Revised, US January Durable Goods Orders MoM;

Friday 22:00 (UTC+8), US January JOLTs Job Openings, US March 1-Year Inflation Expectation Preliminary, US March University of Michigan Consumer Sentiment Index Preliminary.

If Core CPI and Core PCE Price Index MoM are stronger than expected, it may further support the US dollar; conversely, soft data could weigh on the dollar, helping to boost a rebound in spot gold. In addition, Oracle (ORCL.N) will release its earnings report after the US stock market closes on Tuesday. (FXStreet)