US consumers' expectations of long-term inflation rose to their highest level in three decades amid fears that Mr. Trump's tariffs will lead to higher prices. According to the University of Michigan's Consumer Confidence Survey, consumers expect prices to rise at an annual rate of 3.5 per cent over the next five to 10 years, the highest level since 1995 in data compiled by Bloomberg.
European Central Bank Governing Council member Simkus expressed his support for the expectation of three more interest rate cuts in 2025. The direction of interest rates is clear, and the next move is also clear. There is no good reason for not cutting interest rates in March.
The monthly rate of the UK retail price index in January was -0.1%, expected to be -0.1%, and the previous value was 0.30%.
The US NAHB housing market index for February was 42, with expectations of 47, compared to the previous value of 47.
In the week to February 14, Chinese lithium carbonate prices fell on expectations of increased supply. One Chinese trader remains optimistic about the market outlook.
President Trump said he expected tariffs in many countries to remain unchanged and did not expect any exemptions.
After the release of PPI, U.S. short-term interest rate futures did not change much, and the market still generally expects the Federal Reserve to maintain policy rates unchanged until September.
Is second inflation really coming? Analyze runaway U.S. inflation expectations and risk market momentum indicators.
According to analyst expectations compiled by FactSet, Coinbase is expected to report earnings per share (EPS) of $2.11 and revenue of $1.84 billion in the fourth quarter. This represents a significant increase from earnings per share of $1.04 and revenue of $954 million in the fourth quarter of 2023. Analysts estimate that Coinbase's total trading volume in the fourth quarter is $216 billion, up from $185 billion in the third quarter and $154 billion in the fourth quarter of 2023. So...
The US CPI data exceeded expectations across the board, and gold staged a "deep V" reversal! Trump called Putin and Zelensky, and Powell said that interest rates may have to be adjusted in response to trade policy... What major events happened around the world last night and this morning?