Fed Minutes, GDP, PCE Data Drive Investor Search for Rate Cut Timing

In the U.S., investors await Federal Reserve minutes, advance fourth-quarter GDP figures, and PCE inflation data to gauge the timing of potential interest-rate cuts, especially after recent strong jobs data and mixed inflation signals. Money markets currently price a 25 basis-point cut in July 2026.

Other U.S. data include industrial production, trade figures, and jobless claims. Internationally, Canada's inflation data and trade figures are due, with the Bank of Canada expected to hold rates.

The Eurozone will see flash PMI estimates, industrial production, and CPI data, while the U.K. focuses on January CPI and jobs data, with growing expectations for an earlier Bank of England rate cut. Japan's GDP, trade, and inflation data are anticipated, alongside bond market operations.

China enters its Lunar New Year holiday, with focus on consumption campaigns and upcoming FDI and loan prime rate announcements. Australia and New Zealand will release RBA meeting minutes and RBNZ policy decisions, respectively, with both central banks facing inflation concerns and potential rate adjustments.