Macro outlook next week: How will the Fed play the next move with caution as the main theme? Focus on PCE

PANews February 22 news: As US President Trump promises to impose more tariffs, the market has experienced another ups and downs, and the economic optimism that emerged after Trump's election may begin to fade. Despite turbulence, gold continued to rise this week and refreshed its all-time high above $2,950, however, there is always a voice in the market: Does this mean that as the rebound in the second half of the week fails to continue to hit record highs in one go, does it mean Are bullish pressure weakening? After the strong U.S. CPI data is released, the U.S. core PCE price index will become the market's focus on data next week. Here are the key points that the market will focus on in the new week:

Monday at 22:30, the US Federal Reserve Business Activity Index for February;

On Tuesday at 17:20, 2026 FOMC Voting Committee and Dallas Fed Chairman Logan delivered a speech;

On Wednesday, 00:45, Federal Reserve Director Barr made a speech;

On Wednesday, at 02:00, the 2027 FOMC voter and Richmond Fed Chairman Barkin delivered a speech on inflation;

At 01:00 on Thursday, 2027 FOMC voter and Atlanta Fed Chairman Bostic spoke on the economic outlook and the property market;

At 21:30 on Thursday, the annualized quarterly rate of the US real GDP in the fourth quarter, the revised quarterly GDP price index, the monthly rate of durable goods orders in January, and the number of initial unemployment claims in the United States to the week from February 22;

On Friday 02:15, 2026 FOMC voter and Cleveland Fed Chairman Hamake delivered a speech on financial stability;

On Friday at 04:15, 2026 FOMC voter and Philadelphia Fed Chairman Huck delivered a speech on the economic outlook;

Friday at 21:30, US January PCE data and January personal expenditure monthly rate;

The strong U.S. economy has provided security for investors to continue to inject money into U.S. stocks on Friday, amid the threat of tariffs and the Federal Reserve’s tightening policy, but the decline in U.S. stocks could mean that such “protection” could be limited. For investors who have recently put record money into various venture capital, even the initial signs of pressure on the outlook for the U.S. economic growth is enough to sell them out. Given that Fed officials will mostly speak before the release of PCE data next week, they are not expected to relax easily and continue to emphasize uncertainty and caution.