PANews reported on February 9 that concerns about the tariff war have been lingering in the minds of global investors over the past week, and Trump's erratic style of behavior has exacerbated market volatility. At the same time, the latest non-farm data and the University of Michigan consumer survey have further clouded the Fed's interest rate cut prospects. Trump will hardly give the market a chance to blink in the coming week, and further news on his tariff plan will continue to attract close attention. In addition, US inflation data and Federal Reserve Chairman Powell's trip to Capitol Hill may be the key to influencing expectations of US interest rate cuts in the near term. The following are the key points that the market will focus on in the new week:

At 22:00 on Monday, ECB President Lagarde will participate in the plenary debate on the ECB's 2023 Annual Report

Tuesday 0:00, US New York Fed 1-year inflation expectations for January

At 21:50 on Tuesday, Cleveland Fed President Hammack will give a speech on the economic outlook

At 23:00 on Tuesday, Federal Reserve Chairman Powell will attend a Senate hearing and deliver a semi-annual monetary policy testimony.

At 4:30 on Wednesday, FOMC permanent voting member and New York Fed President Williams will speak

At 21:30 on Wednesday, the US January CPI and core CPI

At 23:00 on Wednesday, Federal Reserve Chairman Powell will deliver his semi-annual monetary policy testimony to the House Financial Services Committee.

At 1:00 a.m. on Thursday, 2027 FOMC voting member and Atlanta Fed President Bostic will speak on the economic outlook

At 21:30 on Thursday, the number of initial jobless claims in the United States for the week ending February 8

At 21:30 on Thursday, the annual and monthly PPI rates of the United States in January

At 21:30 on Friday, the monthly rate of US retail sales in January

Friday 22:15, U.S. January industrial output monthly rate

Several Wall Street analysts warned that January is traditionally a more challenging time to forecast CPI due to seasonal factors, increasing the likelihood of market volatility when the data is released. According to the Cleveland Fed's Inflation Nowcasting Indicator, the headline CPI is expected to grow 2.85% year-on-year in January, and the core CPI to grow 3.13% year-on-year, only slightly slower than the previous month. This should strengthen market expectations that the Fed will keep interest rates stable at its March meeting.