**[Next Week's Macro Outlook: Trump Returns to Davos, Bank of Japan Rate Decision Approaching]** BlockBeats News, January 18: Next week, Trump will lead a record-breaking U.S. delegation back to the Davos Forum and deliver a speech on "How can we cooperate in an increasingly competitive world?" Key topics to watch include tariff policies, potential military intervention in Venezuela, and the threat of acquiring Greenland. The U.S. Supreme Court will also hear the case of Federal Reserve Governor Cook, as Trump attempts to replace him. A ruling on the legality of Trump's tariffs may also be expected next week. Below is an overview of upcoming macro events and data releases: **Monday:** - Trump leads the delegation to attend the Davos World Economic Forum Annual Meeting - China's full-year 2025 GDP growth rate, Q4 GDP annual rate, and total GDP for the year to be released **Tuesday:** - European Central Bank President Christine Lagarde and BlackRock CEO Larry 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 an increasingly competitive world?" **Thursday:** - European Central Bank releases minutes of December monetary policy meeting - U.S. initial jobless claims for the week ending January 17 - U.S. November Core PCE Price Index, personal spending monthly rate - U.S. Q3 real GDP, Core PCE Price Index annualized quarterly rate final value, real personal consumption expenditure quarterly rate final value - Japan December Core CPI annual rate - Bank of Japan rate decision and economic outlook report for the week ending January 23 - Kazuo Ueda holds a monetary policy press conference **Friday:** - U.S. January University of Michigan Consumer Sentiment Index final value - U.S. January one-year inflation rate expectation final value