Compiled by: GaryMa Wu Talks Blockchain
summary
Wu said this week's macro indicators and analysis: Last week's Federal Reserve meeting minutes exposed differences in the sharp interest rate cut in September, and the CPI was lower than the previous value but higher than expected; this week's focus will be on the latest interest rate decision of the ECB and speeches by Federal Reserve officials.
Last week review
The U.S. unadjusted CPI annual rate fell to 2.4% in September from 2.5% in the previous month, marking the sixth consecutive month of decline and the lowest since February 2021, but higher than the market expectation of 2.3%.
The annual rate of PPI in the United States in September was 1.8%, in line with expectations of 1.6%. The previous value was revised from 1.70% to 1.9%.
Fed minutes reveal divisions over big September rate cut: “Some” policymakers preferred just a 25 basis point cut.
The number of initial jobless claims in the United States for the week ending October 5 was 258,000, compared with expectations of 230,000 and the previous value of 225,000.
The Reserve Bank of Australia released the minutes of its September monetary policy meeting and reiterated that monetary policy will remain restrictive.
The New Zealand Reserve Bank's interest rate decision on October 9 was 4.75%, in line with expectations and the previous value of 5.25%. The Reserve Bank of New Zealand cut its key interest rate by 50 basis points to 4.75%, in line with most economists' expectations.
This week's key events & indicators
October 15
Federal Reserve Board Governor Waller speaks on the economic outlook (03:00)
October 16
Federal Reserve Board Governor Kugler delivered a speech (01:00)
October 17
ECB announces interest rate decision (20:15)
Number of initial jobless claims in the United States for the week ending October 12 (10,000 people) (20:30)
October 18
Japan's September core CPI annual rate (07:30)
Kashkari, 2026 FOMC voting member and President of the Minneapolis Fed, speaks (22:00)
