Next week's important macro event preview: Trump will host the White House cryptocurrency summit
Key macro events and data forecasts for next week:
Tuesday: US tariffs of 25% on Canada and Mexico take effect; US President Donald Trump is invited to speak to Congress for the first time in his term; 2025 FOMC voting committee and St. Louis Federal Reserve President Mousalem delivers a speech.
Wednesday: U.S. ADP payrolls in February; FOMC Permanent Voting Committee and New York Federal Reserve President Williams speaks at the Bloomberg Investment Forum.
Thursday: U.S. jobless claims for the week ending March 1; Federal Reserve releases Beige Book of economic conditions; European Central Bank President Christine Lagarde holds a monetary policy press conference.
Friday: US President Trump hosts a cryptocurrency summit at the White House; the US unemployment rate in February and the US non-farm payrolls after the February quarterly adjustment are announced; the FOMC Permanent Voting Committee, New York Federal Reserve President Williams and Federal Reserve Governor Bowman participate in the US Monetary Policy Forum report panel discussion organized by the University of Chicago Booth School of Business; Federal Reserve Chairperson Powell delivers a speech before the luncheon of the 2025 US Monetary Policy Forum at the University of Chicago Booth School of Business. (Jin Ten)