Wu's Weekly Macro Indicators and Analysis: 15% of US global tariffs take effect, NVIDIA earnings report

2026-02-22 16:26:05

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Compilation: GaryMa Wu on Blockchain

Summary Wu’s weekly macro indicators and analysis: Last week, the US December PCE exceeded expectations, and the Federal Reserve meeting minutes showed clear disagreements; this week’s focus includes the implementation of the 15% global tariff in the US, Trump’s State of the Union address, and Nvidia’s earnings report.

Last Week’s Review

The US December core PCE price index rose 3% year-over-year, versus an expected 2.9%, and the previous value was 2.8%.

For the week ending February 14, the US initial unemployment claims were 206,000, the lowest since the week of January 10, compared to an expected 225,000. The previous figure was revised from 227,000 to 229,000.

US GDP for Q4 2025 grew at an annualized rate of 1.4%, significantly below the Dow Jones survey expectation of 2.5%. The full-year growth rate is 2.2%, lower than 2024’s 2.8%.

The Federal Reserve’s published minutes from the monetary policy meeting show clear disagreements among officials regarding future policy expectations.

Key Events & Indicators This Week February 23

Iran confirms draft agreement with the US for negotiations

February 24

Implementation of the 15% global tariff in the US

US President Trump delivers the State of the Union address

February 26

Nvidia releases earnings report (05:00)

US initial unemployment claims for the week ending February 21 (in ten-thousands) (21:30)

February 27

US January PPI year-over-year (21:30)

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