Weekly Highlights Macroeconomic Environment and Policy Developments Core PCE Surprise Fuels Macro CautionOn March 28, the U.S. released its February Personal Consumption Expenditures (PCE) data, showing signs of accelerating inflation—a notable contrast to the prior month. While headline PCE met expectations at 0.3% month-over-month and 2.5% year-over-year, both core PCE readings came in 0.1% above forecasts, indicating persistent underlying inflation pressure. The current macroeconomic traje...

On Jan.20th, 2025, Trump returned to D.C. Within just a few days, he not only issued multiple executive orders but also introduced the combination of $Trump and “family tokens.” This unprecedented global financial upheaval not only triggered drastic changes and shocks but also kept people up for nights, gripped by FOMO.