Next week's macro outlook: Trump returns to Davos, Bank of Japan interest rate decision imminent

BlockBeats News, January 18 — Next week, Trump will lead a record-sized U.S. delegation back to the Davos Forum and deliver a speech on “How can we cooperate in a more competitive world?” Tariff policies, military interventions in Venezuela, and the threat of acquiring Greenland are expected to be key discussion topics. The U.S. Supreme Court will also hear the case of Federal Reserve Board member Cook, whom Trump attempted to replace. A ruling on the legality of Trump’s tariffs may also be announced next week. The upcoming macro events and data releases are as follows:

Monday: Trump leads delegation to attend the World Economic Forum Annual Meeting; China’s 2025 full-year GDP growth rate, Q4 GDP annual rate, and total GDP release

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

Wednesday: Trump delivers a speech at the World Economic Forum Annual Meeting on “How can we cooperate in a more competitive world?”

Thursday: ECB releases December monetary policy meeting minutes; U.S. initial jobless claims for the week ending January 17; U.S. November core PCE price index and personal spending monthly rate; U.S. Q3 real GDP, core PCE annualized quarterly rate, and real personal consumption expenditures quarterly rate final; Japan December core CPI annual rate; Bank of Japan interest rate decision and economic outlook report by Ueda Kazuo; Ueda Kazuo holds a press conference on monetary policy

Friday: U.S. January University of Michigan Consumer Sentiment Index final; U.S. January one-year inflation expectations final