This Week's Macro Outlook: Intensive Speeches from Federal Reserve Officials, U.S. Employment and GDP Data to Be Released on Thursday

BlockBeats News, September 22, this week Federal Reserve officials will speak intensively, and the market may use this to further judge the pace of Fed rate cuts. The specific schedule is as follows:

Monday 21:45 (UTC+8), FOMC permanent voting member and New York Fed President Williams will speak on monetary policy and economic outlook; 22:00 (UTC+8), 2025 FOMC voting member and St. Louis Fed President Musalem will speak on the U.S. economic outlook and monetary policy;

Tuesday 00:00 (UTC+8), 2026 FOMC voting member and Cleveland Fed President Harker will speak on the U.S. economy; 2027 FOMC voting member and Richmond Fed President Barkin will speak on the economic situation; 22:00 (UTC+8), 2027 FOMC voting member and Atlanta Fed President Bostic will speak on the economic outlook;

Thursday 04:10 (UTC+8), 2027 FOMC voting member and San Francisco Fed President Daly will deliver a speech; 20:20 (UTC+8), 2025 FOMC voting member and Chicago Fed President Goolsbee will deliver a speech; 21:00 (UTC+8), FOMC permanent voting member and New York Fed President Williams will deliver a welcome address at the 4th Annual Conference on the International Role of the U.S. Dollar;

Friday 01:00 (UTC+8), Federal Reserve Governor Barr will speak on bank stress tests; 03:30 (UTC+8), 2027 FOMC voting member and San Francisco Fed President Daly will deliver a speech; 21:00 (UTC+8), 2027 FOMC voting member and Richmond Fed President Barkin will deliver a speech; 22:00 (UTC+8), Federal Reserve Governor Bowman will deliver a speech.

In terms of macro data, Thursday 20:30 (UTC+8), U.S. Initial Jobless Claims for the week ending September 20, U.S. Q2 Real GDP Annualized QoQ Final, U.S. Q2 Real Personal Consumption Expenditures QoQ Final, U.S. Q2 Core PCE Price Index Annualized QoQ Final, and U.S. August Durable Goods Orders MoM. Friday 22:00 (UTC+8), U.S. September University of Michigan Consumer Sentiment Index Final and U.S. September One-Year Inflation Expectations Final will be released.

Market opinion believes that after the Fed decision, the market focus has returned to inflation data, and next week investors' attention will fully shift to the Fed's preferred inflation indicator—the Personal Consumption Expenditures Price Index (PCE). The inflation data released next week may confirm whether the Fed's decision to cut rates this fall is wise. Economists generally predict that the August PCE will show inflation is picking up again.