Macroeconomic Outlook for Next Week: CPI Clashes with Fed's Stance, Fed Officials Speak Out in Succession

PANews, January 10th - In the first full trading week of 2026, cross-asset markets rallied in tandem, with risk appetite on Wall Street rebounding. Spot gold rose over 4% this week, accumulating a gain of over $177; spot silver rose nearly 10%, accumulating a gain of over $7. Driven by geopolitical instability and shifting expectations regarding the Federal Reserve's monetary policy, the precious metals complex demonstrated remarkable strength. Next Tuesday, the US will release its December Consumer Price Index (CPI), which could significantly impact market sentiment and determine the direction of gold and silver prices in the coming week. Here are the key points the market will focus on in the new week:

At 1:30 AM on Tuesday, Atlanta Fed President Bostic, a 2027 FOMC voting member, will deliver a speech.

At 01:45 on Tuesday, Richmond Fed President Barkin, a 2027 FOMC voting member, will deliver a speech.

At 7:00 AM on Tuesday, Williams, a permanent voting member of the FOMC and president of the New York Federal Reserve, will deliver a speech;

At 23:00 on Tuesday, St. Louis Fed President Musaleem, a 2028 FOMC voting member, will deliver a speech;

At 5:00 AM on Wednesday, Richmond Fed President Barkin, a 2027 FOMC voting member, will deliver a speech.

At 21:30 on Wednesday, the US November retail sales month-on-month rate, the US November PPI year-on-year/month-on-month rate, and the US third quarter current account will be released.

At 22:50 on Wednesday, Paulson, a 2026 FOMC voting member and president of the Philadelphia Federal Reserve, will speak on the economic outlook;

Federal Reserve Governor Milan will speak in Athens at 23:00 on Wednesday.

At 01:00 on Thursday, 2026 FOMC voting member and Minneapolis Fed President Neel Kashkari will speak; 2027 FOMC voting member and Atlanta Fed President Ralf Bostic will speak.

The Federal Reserve will release its Beige Book on economic conditions at 03:00 on Thursday.

At 3:10 a.m. on Thursday, Williams, a permanent voting member of the FOMC and president of the New York Federal Reserve, delivered opening remarks at an event.

At 21:30 on Thursday, the following data will be released: US initial jobless claims for the week ending January 10, the US January New York Fed/Philadelphia Fed Manufacturing Index, and the US November Import Price Index (MoM).

At 21:35 on Thursday, Atlanta Fed President Bostic, a 2027 FOMC voting member, will deliver a speech.

At 01:40 on Friday, Richmond Fed President Barkin, a 2027 FOMC voting member, will speak on the economic outlook for Virginia.