Next week's macro outlook: Trump's "bitter tactics" force the Fed to cut interest rates, super central bank week is coming

PANews reported on March 15 that for gold investors, this week is a week worth "going down in history". In a world full of uncertainty, gold broke through the important $3,000 mark for the first time on Friday, as investors chased this historic surge in this safe-haven asset in order to avoid the economic uncertainty caused by US President Trump's tariff war. Next week, global investors will usher in a "super central bank week", with the Bank of Japan, the Federal Reserve, the Swiss National Bank, the Swedish Central Bank and the Bank of England all announcing their interest rate decisions. The following are the key points that the market will focus on in the new week:

At 20:30 on Monday, the U.S. February retail sales monthly rate and the New York Fed manufacturing index in March

At 02:00 on Thursday, the Federal Reserve FOMC will announce its interest rate decision and a summary of economic expectations.

At 02:30 on Thursday, Federal Reserve Chairman Powell held a monetary policy press conference

At 20:30 on Thursday, the number of initial jobless claims in the United States for the week ending March 15, the U.S. current account in the fourth quarter, and the Philadelphia Fed manufacturing index in March

At 21:05 on Friday, FOMC permanent voting member and New York Fed President Williams delivered a speech

The most important thing next week is the Federal Reserve's interest rate decision on Thursday. In addition to the interest rate decision, statement and press conference, the committee will also release updated economic forecasts, including a new "dot plot". Since the market generally expects that it will not take any action before June, the focus may be firmly on the dot plot. Some analysts expect that this so-called "economic panic" is a "bitter tactic" of the Trump administration to try to force the Federal Reserve to lower its posture and cut interest rates as soon as possible. Former Lehman Brothers trader Larry McDonald also expects that Trump is deliberately creating a recession in order to force the Federal Reserve to cut interest rates and reduce the interest expenses of the US government.