Wu Blockchain Weekly Macro Indicators and Analysis: Last week, the U.S. December PCE came in above expectations, and the Federal Reserve’s meeting minutes revealed clear divisions among policymakers; this week’s key events include the implementation of the U.S. 15% global tariff, President Trump’s State of the Union Address, and NVIDIA’s earnings report.
Last Week Recap: The U.S. December core PCE price index rose 3.0% year-on-year, higher than the expected 2.9% and the prior reading of 2.8%.
Initial jobless claims in the U.S. for the week ending February 14 totaled 206,000—the lowest since the week ending January 10—versus an expectation of 225,000; the prior week’s figure was revised upward from 227,000 to 229,000.
U.S. GDP grew at an annualized rate of 1.4% in Q4 2025—significantly below the Dow Jones consensus forecast of 2.5%; the full-year growth rate stood at 2.2%, down from 2.8% in 2024.
The Federal Reserve’s released monetary policy meeting minutes indicated pronounced divergence among Fed officials regarding their outlook on monetary policy.