After the uncertainty created by United States President Donald Trump’s latest tariffs, which set investors’ alarm bells ringing because of their unpredictable effects, all eyes are on U.S. inflation, which could tick down to 2.5%. That consumer price index (CPI) figure will be key to the Federal Reserve’s next steps.
Important figures are due from Europe, too: we’ll hear the Eurozone’s February retail sales, as well as Germany and Spain’s CPI data. Markets will also pay close attention to the minutes from the Fed’s latest meeting, in search of signals about the future of monetary policy.
It’s also the beginning of first-quarter results season in the U.S.
Within Argentina, we’ll learn the latest Market Expectation Survey results, as well as March inflation.
Monday
- Argentina’s Central Bank (BCRA, by its Spanish initials) will publish its Market Expectation Survey for March. In the last edition, analysts worsened their inflation forecasts for March and April, as well as adjusting dollar forecasts upwards. The adjustment in the figure for the next 12 months was especially striking. In a context of foreign exchange tension, it remains to be seen how the inflation and dollar figures will shift for this month and further ahead.
Tuesday
- Argentina’s National Institute for Statistics and Census (INDEC, by its Spanish initials) will publish the February 2025 industrial production index for mining
- The BCRA will publish its monthly monetary report for March 2025
Wednesday
- INDEC will publish the February 2025 industrial production index for manufacturing
- It will also release indicators of activity within the construction sector for February 2025
- Minutes from the Fed’s last meeting will be released
Thursday
- U.S. CPI for march
Friday
- INDEC will publish the CPI for March, as well as the monthly basic basket
- Spain and Germany release March CPI data
- Bank of New York Mellon, Wells Fargo, JPMorgan, BlackRock, and Morgan Stanley release results