QCP: 연준은 이번 주 정책 회의에서 금리를 동결할 것으로 널리 예상됩니다. 개인소비지출(PCE) 지표는 인플레이션 압력이 완화되고 있음을 보여주지만 수입 관세 인상은 물가 불안정성을 재점화할 위험이 있습니다. 핵심 질문은 연준이 트럼프 대통령의 금리 인하 압박에 계속 저항할지 아니면 입장 변화를 고려할지 여부입니다.
https://t.me/QCPbroadcast/1445
QCP Asia Colour – 5 May 25
Data shows resilience, but uncertainty still looms
Friday’s macro data offered a nuanced snapshot of the U.S. economy. Nonfarm payrolls climbed by 177k, beating expectations of 133k, while the unemployment rate held steady at 4.2%. Beneath the headline strength, however, economists continue to warn that the full economic impact of recently imposed tariffs has yet to emerge.
Markets responded with cautious optimism. A blend of resilient data and hopes for a potential thaw in trade tensions helped extend the S&P 500’s winning streak to 10 consecutive sessions. This effectively reversed the selloff seen after Liberation Day.
Earnings season winds down—focus shifts back to trade and the Fed
With earnings season drawing to a close, market attention is turning back to the two dominant macro overhangs: U.S.–China trade negotiations and Federal Reserve policy.
U.S. equity futures slipped after President Trump confirmed he has no plans to speak with China’s leadership this week. However…
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