Next Week Macro Outlook: Trump Returns to Davos After Six Years, BOJ Rate Decision Looms

BlockBeats News, January 18th. Next week, Trump will lead a record-sized U.S. delegation back to the Davos Forum and speak on "How We Can Cooperate in an Increasingly Competitive World." Whether the topics of tariff policy, military intervention in Venezuela, and the threat to acquire Greenland will be discussed remains to be seen. The U.S. Supreme Court will also hear the case of the Federal Reserve Board member Cook, whom Trump is trying to replace. The legality of Trump's tariffs may also receive a ruling next week. The upcoming major events and data releases are as follows:

Monday:

Trump leads delegation to attend Davos World Economic Forum Annual Meeting;

China releases full-year GDP growth for 2025, fourth-quarter GDP growth rate, and total GDP for the year;

Wednesday:

ECB President Lagarde and BlackRock CEO Fink participate in a panel discussion at the World Economic Forum;

Trump speaks on "How We Can Cooperate in an Increasingly Competitive World" at the World Economic Forum Annual Meeting;

Thursday:

ECB releases minutes from December monetary policy meeting;

U.S. Initial Jobless Claims up to January 17th;

U.S. November Core PCE Price Index, Personal Spending Rate;

U.S. Q3 Real GDP, Core PCE Price Index Annualized Rate Final, Real Personal Consumption Expenditures Rate Final;

Friday:

Japan December Core CPI Annual Rate;

Japan's Bank of Japan Interest Rate Decision and Economic Outlook Report up to January 23rd, BOJ Governor Kuroda holds a monetary policy press conference;

U.S. January University of Michigan Consumer Sentiment Index Final, U.S. January One-Year Inflation Rate Expectation Final.

Market Holiday Reminder: Monday (January 19th) is a U.S. stock market holiday in observance of Martin Luther King Jr. Day.