UK economic data and US inflation figures set the scene for another busy week ahead on the macroeconomic front.
After fears around the impact of Trump’s tariffs rattled stock markets this week, attention will be on Wednesday’s US consumer price index reading.
Such concerns have circled both inflation and US economic growth, clouding the path of Federal Reserve rate cuts this year.
Expectations are for both headline and core inflation to have moderated in February to 2.9% and 3.1% respectively, against the 3.0% and 3.1% seen a month earlier.
In the UK, Friday’s gross domestic product (GDP) data for January will be the focus, after the economy drummed up growth of 0.4% in December following a muted few months.
According to Trading Economics, growth of 0.1% is forecast for the first month of the year, reflecting another slow month.
IG analysts noted a pick-up was anticipated in mid-2025, likely leaving the Bank of England able to continue cutting interest rates ahead.
UK house price figures on Thursday and retail sales data on Tuesday mark other notable announcements in the coming week.