Macro outlook for this week: Federal Reserve minutes and PCE hit hard, Supreme Court may speak out on Trump's tariff case According to BlockBeats, on February 16th, the global market will usher in a "data explosion" week this week. The Federal Reserve will release the minutes of its January monetary policy meeting at 03:00 on Thursday, and the market will look for more clues about the path of interest rate cuts in 2026 from them; The initial US GDP and core PCE price index for the fourth quarter, released at 21:30 on Friday, became the focus. As the Federal Reserve's preferred inflation indicator, if the PCE reading is higher than expected, it may affect the pace of policy easing this year. On the central bank side, multiple Federal Reserve officials will speak out intensively, with the Australian Federal Reserve releasing meeting minutes and the New Zealand Federal Reserve releasing interest rate decisions. The market generally expects the Reserve Bank of New Zealand to remain inactive, while the Reserve Bank of Australia may emphasize the risk of rising inflation. In terms of asset performance, gold prices fell slightly on Monday; There are rumors in the crude oil market that OPEC+may resume production in April; The trend of the US dollar becomes a key variable, if it does not hit a new low or maintains relative strength in the context of the approaching tariff ruling. At the same time, the demand for US treasury bond bonds is rising, which may trigger a new round of asset reallocation. In terms of major events, the Supreme Court of the United States will release its opinion on February 20th, including a ruling on the case regarding Trump's "Liberation Day" tariff policy. If the ruling is unfavorable or has a significant impact on relevant tariff measures, and affects global trade and market sentiment. At the company level, the financial reporting season is coming to an end. Walmart will announce its fourth quarter financial results, with market attention focused on key indicators such as e-commerce growth, AI applications, and the impact of tariffs, which may have a significant impact on retail and overall market sentiment.