Next week's macro outlook: What is the next move for the Fed, which has become the main theme of caution? Focus on followPCE

PANews reported on February 22nd that as President Trump promised to impose more tariffs, the market experienced another turbulent week. The economic optimism that emerged after Trump's election may be starting to fade. Despite the volatility, gold continued to pump this week, pushing historical highs above $2950. However, there is always a voice in the market: does the failure of the Rebound in the second half of the week to continue to set new historical highs mean that bullish pressure is weakening? Following the release of strong US CPI data, the US core PCE price index will become the focus of the market next week in terms of data. Here are the key points that the market will focus on in the new week: Monday at 22:30, the US Dallas Fed Business Activity Index for February; On Tuesday at 17:20, Logan, a 2026 FOMC voter and President of the Dallas Fed, delivered a speech; On Wednesday at 00:45, Fed Governor Powell delivered a speech; On Wednesday at 02:00, 2027 FOMC voting member and Richmond Fed President Barkin will speak on inflation. At 01:00 on Thursday, 2027 FOMC member and Atlanta Fed President Bostic delivered a speech on the economic outlook and the housing market; At 21:30 on Thursday, the annualized quarterly rate of real GDP in the fourth quarter of the United States, the revised value of the GDP price index for the fourth quarter, the monthly rate of durable goods orders in January, and the number of initial jobless claims in the United States for the week to February 22; On Friday at 02:15, 2026 FOMC voting committee member and Cleveland Fed President Hammock will speak on financial stability; At 04:15 on Friday, 2026 FOMC member and Philadelphia Fed President Harker delivered a speech on the economic outlook; At 21:30 on Friday, the US PCE data for January and the monthly rate of personal spending in January; Over the past two months, the strong U.S. economy, against the backdrop of tariff threats and Fed tightening, has provided assurance that investors continue to inject money into U.S. stocks, but the decline in U.S. stocks on Friday may mean that this "protection" may be limited. For investors who have recently poured record sums of money into various ventures, even the first signs of pressure on the U.S. economic growth outlook are enough to make them sell. Given that most of the Fed officials will speak ahead of the PCE data next week, they are not expected to ease their tone easily and continue to emphasize uncertainty and caution.