Upcoming economic data includes February durable goods orders that could indicate whether companies are becoming more cautious about their capital spending plans. Economists will also look at a report on February merchandise trade to help estimate first-quarter gross domestic product, even though the imports data might be impacted by a rise in inbound gold that won’t be factored into the government’s GDP estimate.
Federal Reserve Chair Jerome Powell mentioned after a meeting that policymakers could keep rates unchanged to get a better understanding of how the administration's policies will affect the economy and inflation. Various US central bankers, including Adriana Kugler, Alberto Musalem, and Raphael Bostic, are expected to speak in the coming week.
Inflation and spending data are vital as they provide insight into price pressures and economic activity preceding President Donald Trump's planned announcement on reciprocal tariffs. Uncertainty surrounding the tariffs likely influenced the Fed's decision to maintain interest rates last week.
The article also anticipates announcements such as the University of Michigan's final March consumer sentiment survey, UK fiscal updates, and central bank decisions in various regions, including Lesotho, Hungary, Mozambique, Ghana, Brazil, Mexico, and Chile. These events will shed light on inflation, interest rates, and economic conditions in their respective countries.
The article covers a wide range of upcoming economic events globally, including PMI readings in Asia, inflation data in Europe, and economic growth reports in Latin America. Central bank decisions, trade data releases, and GDP estimates are among the key factors that will influence economic outlooks in different regions.