Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Wu's macro indicators and analysis for this week: US inflation data CPI, PPI
Compiled by: GaryMa Wu said Blockchain
Abstract Wu said this week’s macro indicators and analysis: Last week, the Federal Reserve kept interest rates unchanged as expected; this week, the focus is on the U.S. April inflation data, CPI and PPI, etc. Currently, the market generally expects the transmission effect of tariffs to become apparent, and inflation may rise in the coming months, which will in turn affect the Federal Reserve’s monetary policy path.
Last week review
China’s April Caixin Services PMI was 50.7, down from 51.9 in March and below the expected value of 51.7.
The Federal Reserve announced the interest rate decision (upper limit) to be 4.50%, in line with the expected 4.50%, previous value 4.50%.
Federal Reserve Chairman Jerome Powell stated at a press conference that the current monetary policy stance remains flexible enough to respond promptly to economic changes. However, if inflation and unemployment rise simultaneously, it will face complex decisions. He pointed out that the rate cuts in 2024 are not preventive measures and are even slightly lagging. The recent rise in inflation expectations was mainly driven by tariffs, and if tariffs persist, the inflation effects may be more lasting. When asked about Trump’s pressure to cut rates, Powell responded: “This does not affect our work; we will always use policy tools to support maximum employment and achieve price stability.”
The Bank of England lowered the benchmark interest rate by 25 basis points, from 4.5% to 4.25%.
Key Events & Indicators This Week May 13
U.S. April Unadjusted CPI Year-on-Year (20:30)
The Bank of Japan announced the summary of opinions from the Monetary Policy Meeting on April (07:50)
May 15
The number of initial unemployment claims in the United States for the week ending May 10 is ( million ) (20:30)
US April PPI YoY (20:30)
The Federal Reserve held the second Thomas Laubach Research Conference.
May 16
U.S. May one-year inflation rate expectation preliminary value (22:00)
U.S. May Michigan University Consumer Confidence Index Preliminary (22:00)