Weekly Data Summary Report
As of March 3, 2025
In this report, we will assess major economies, including the United States, the Eurozone, and Canada, mainly based on their economic indicators and economic events that have occurred within this week.
Canada
Given how the Bank of Canada has aggressively eased the monetary policy, the growth is now starting to see some differences through having more demand coming from household consumption, while some are concerning about the looming tariff from Trump’s policy tomorrow (March 4). Therefore, all of these factors—strong growth and potential inflation from tariffs—would likely hint at a pause from the Bank of Canada.
The European
As shown above, most of the inflation in the Eurozone is starting to tick up ahead of the Trump tariff having come into effect. This could be mainly due to an increase in wage inflation that has squeezed the business’s profit while keeping the inflation risk higher. But the important part depends on Trump’s tariff decision is whether 25% will really come into effect. If so, then we are likely to see more inflation flow into the Eurozone and result in a scarcity of demand consumption. All are now looking into the ECB’s rate decision this week with another easing projection.
The United States
A softer US economic growth, yet remains in a strong zone as consumer spending is still surging to 4.2%, although pricing is still putting some constraints on the budgeting. Big-purchasing is also another way of showing that people are still able to pay off goods; demand is still flowing around, which keeps the growth in good condition as of now. However, recent high inflation is also a challenge for the Federal Reserve on pausing, especially with ongoing inflation expectations from tariff policy. Here are some updated from the Trump post.
- Disrespect and conflict during the recent rare mineral signing agreement conference between the US and Ukraine.
- Trump is now open to full support of the crypto strategic reserve that includes XRP, SOL, and ADA, which has pushed all bitcoin prices higher above 90,000$ after a last slump.
- Ahead of Trump’s tariff on Mexico and Canada coming into effect, Mexico is now trying to leverage its negotiations with Trump by imposing more tariffs on China, particularly on “car and auto parts.”
