Wu said this week's macro indicators and analysis: Fed, ECB meeting minutes

Compiled by: GaryMa Wu said Blockchain

Abstract Wu said this week's macro indicators and analysis: Last week, due to the U.S. government shutdown, the U.S. non-farm payroll report for September has not yet been released, with ADP employment figures showing a decrease of 32,000; this week, the focus is on the Federal Reserve, European Central Bank meeting minutes, and speeches by Federal Reserve officials.

Last Week Review

In September, the ADP employment figure in the United States decreased by 32,000, marking the largest drop since March 2023, with expectations set at 50,000 and a previous value of 54,000. Traders have increased their bets on further rate cuts by the Federal Reserve twice within the year.

Due to the U.S. government shutdown, the U.S. non-farm payroll report for September has not yet been released.

The summary of the Bank of Japan's monetary policy meeting states that two committee members proposed raising interest rates.

China's official manufacturing PMI rose to 49.8% in September.

The central bank meeting minutes: Inflation risks have somewhat weakened, and the policy focus has shifted to addressing economic weakness.

Key Events & Indicators This Week October 06

OpenAI will hold the 2025 Developer Conference in San Francisco.

October 08

The Reserve Bank of New Zealand announces its interest rate decision (09:00)

Federal Reserve Governor Barr delivers a speech (21:30)

October 09

The Federal Reserve released the monetary policy meeting minutes (02:00)

The European Central Bank released the minutes of the monetary policy meeting for September (19:30)

Federal Reserve Chairman Powell delivered opening remarks at a community banking conference hosted by the Federal Reserve Board (pre-recorded) (20:30)

The number of initial unemployment claims in the United States for the week ending October 4 is ( million ) (20:30)

Federal Reserve Governor Bowman delivers a speech (20:35)

October 10

The preliminary value of the U.S. 10-month one-year inflation rate expectation (22:00)

Michigan University Consumer Confidence Index Preliminary for October in the US (22:00)

China's M2 Money Supply Year-on-Year for September