This week’s key international financial events include Fed Chairman Bauer’s speech and the Senate voted on Biden’s 1.9 trillionUSDThe new fiscal stimulus, the February non-agricultural report in the United States, etc., among which the market is most concerned about the Fed Chairman Bauer’s speech.
Trader’s Notes This Week (0301-0305)
1. Fed Chairman Bauer made a speech:
On Friday (5th) Federal Reserve (Fed) Chairman Jerome Powell will give a talk. The market is concerned about whether Powell will express his views on the prospects of the US economy and the recent steepening of the U.S. bond yield curve.
When Bauer attended the semi-annual monetary policy hearings in Congress last week, he specifically responded to questions such as rising U.S. bond yields and whether the sharp rise in inflation expectations would cause the Fed to raise interest rates earlier. Bauer said at the time that the U.S. economy is far from employment and The inflation target still has a long way to go, and it may take some time to make substantive further progress, suggesting that the Fed is willing to let the inflation fly further and not raise interest rates prematurely.
2. The Senate voted 1.9 trillionUSDNew fiscal stimulus:
1.9 trillion in the current Biden administrationUSDThe new fiscal stimulus has been passed in the US House of Representatives, and according to the legislative process of the US Congress, the 1.9 trillion stimulus bill will be voted on in the Senate next week.
The market expects that during the review period, the Republican Party mayUSDThe overall scale and direction of the new fiscal stimulus, and some suggestions for revision.
3. The February non-agricultural report in the United States:
On Friday (5th) the U.S. Department of Labor will announce the new non-agricultural employment report in February. The market expects that the new non-agricultural employment in the United States will reach 133,000 in February, which will be significantly higher than the 49,000 in January. The labor market is expected to Continuous improvement.
As the United States accelerates the expansion of the new crown vaccine, the number of people who continue to file for unemployment benefits has been declining for six consecutive weeks. Although the current unemployment rate of 6.4% is still a long way from the natural unemployment rate, it is still in a healthy recovery. On the road.
4. OPEC+ convenes a ministerial supervision meeting:
On Thursday (4th) OPEC+ will hold a ministerial supervision meeting to review the current production cuts in various member states. In addition, it will further assess whether OPEC+ will cancel the production cuts in April.
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