**[Next Week's Macro Outlook: Global Markets Brace for "Data Bombardment" Week, Fed Minutes and PCE Incoming]** According to Jinshi reports, global markets will face a "data bombardment" week next week. The Federal Reserve will release the minutes of its January monetary policy meeting at 03:00 on Thursday, with the market looking for more clues regarding the rate-cut path for 2026. On Friday at 21:30, the U.S. fourth-quarter GDP preliminary data and the core PCE price index will take center stage. As the Fed's preferred inflation gauge, if the PCE reading exceeds expectations, it may influence the pace of policy easing this year. **Federal Reserve and Central Bank Updates:** Several Federal Reserve officials will deliver intensive speeches. The Reserve Bank of Australia will release its meeting minutes, and the Reserve Bank of New Zealand will announce its interest rate decision. The market generally expects the Reserve Bank of New Zealand to hold rates steady, while the Reserve Bank of Australia may emphasize the risks of rising inflation. **Major Events:** The Supreme Court of the United States will issue opinions on February 20, including a ruling on the case concerning Trump's "Liberation Day" tariff policy. If the ruling is unfavorable, it could significantly impact related tariff measures and influence global trade and market sentiment. **Corporate Level:** Earnings season is nearing its end. Walmart will release its fiscal fourth-quarter results, with the market focusing on key metrics such as e-commerce growth, AI applications, and tariff impacts. Its guidance may have a significant influence on retail and overall market sentiment.