The post The economy in the next 24 hours: China GOP, earnings, US retail sales, FED-Powell speaks appeared on BitcoinEthereumNews.com.

Global markets are bracing for a pivotal 24-hour stretch on Wednesday, awaiting a reaction from a confluence of economic data releases and US central bank commentary. The spotlight will be on US retail sales figures, the UK’s and Eurozone inflation data, and a speech from Federal Reserve Chair Jerome Powell. Investors are also closely watching President Donald Trump’s recent overture to Chinese President Xi Jinping. They hope Trump’s proposal for renewed negotiations with Beijing could de-escalate a bruising tariff war that has rattled markets for a fortnight. Bond yields surge, market nerves rattle The US bond market is sending warning signals. Yields on the 10-year Treasury note have soared to 4.6%, while the 30-year yield breached the 5% mark. These levels have reignited fears of tightening financial conditions. The spike in yields caps a volatile stretch that saw long-term borrowing costs jump more than 50 basis points last week alone. Markets expect the Federal Reserve to step in, but the central bank is still “cautious.” Fed Governor Christopher Waller recently admitted there is a risk of America falling into a recession. Still, he wasn’t concerned about inflation because the central bank could jump in to stabilize financial conditions. Other Federal Reserve officials have taken a more hawkish stance, pointing to rising short-term inflation expectations as a concern. St. Louis Fed President Alberto Musalem warned that these could “seep” into longer-term expectations that could compel the central bank to maintain interest rates or consider additional hikes. Behind the scenes, questions continue to swirl on China’s role in recent Treasury market movements. As the largest foreign holder of US government debt after Japan, owning an estimated $760 billion in securities, Beijing’s potential unloading of US Treasurys could swing markets downwards. Chen Zhao, chief global strategist at Alpine Macro, believes the plan to…

---

Filed under: News - @ April 16, 2025 1:21 pm