Home » Economy & Policy » Macroeconomy

Weekly Macro Calendar: Tariffs, CPI, PPI and OPEC+ Decision

A packed macro week ahead as the U.S. implements a 15% global tariff, key inflation data is released, and OPEC+ meets. Here’s the full economic calendar in Eastern Time (ET).

👁️ 1
Olivia Carter Olivia Carter
macro calendar
Photo: finmire.com

Markets head into a heavy macro week marked by trade policy shifts, fresh inflation data, central bank commentary and the upcoming OPEC+ meeting. The United States is set to implement a new 15% global tariff, while investors will also digest U.S. PPI, Eurozone CPI and multiple GDP releases.

Monday, February 23

  • China – Markets closed (New Year holiday)
  • Japan – Markets closed (Emperor’s Birthday)
  • EU – Expected adoption of 20th sanctions package against Russia
  • Russia – Trading open (MOEX, SPB Exchange)
  • U.S. – Chicago Fed National Activity Index (Jan) – 08:30 ET
  • U.S. – Factory Orders (Dec) – 10:00 ET
  • ECB President Christine Lagarde speaks – 12:30 ET
  • China – Loan Prime Rate (LPR) decision – 20:15 ET (Monday evening)

Tuesday, February 24

  • U.S. – 15% global tariff takes effect
  • U.S. – President Trump addresses Congress (State of the Union-style speech)
  • U.S. – ADP Employment (Weekly) – 08:15 ET
  • U.S. – S&P/Case-Shiller Home Price Index (Dec) – 09:00 ET
  • Bank of England Governor Andrew Bailey speaks – 09:15 ET
  • U.S. – CB Consumer Confidence (Feb) – 10:00 ET
  • U.S. – Richmond Fed Manufacturing Index (Feb) – 10:00 ET
  • ECB President Christine Lagarde speaks – 12:45 ET
  • U.S. – API Weekly Crude Oil Inventories – 16:30 ET
  • Australia – RBA Interest Rate Decision – 19:30 ET 

Wednesday, February 25

  • Germany – GDP (Q4 2024) – 02:00 ET
  • Eurozone – CPI (Jan) – 05:00 ET
  • U.S. – EIA Crude Oil Inventories – 10:30 ET
  • Russia – CPI (Weekly) – 11:00 ET

Thursday, February 26

  • Potential U.S.–Iran talks in Geneva
  • ECB President Christine Lagarde speaks – 03:30 ET
  • Eurozone – Consumer Confidence (Feb) – 05:00 ET
  • Eurozone – Consumer Inflation Expectations (Feb) – 05:00 ET
  • U.S. – Initial Jobless Claims – 08:30 ET
  • U.S. – EIA Natural Gas Inventories – 10:30 ET
  • U.S. – Kansas City Fed Manufacturing Index (Feb) – 11:00 ET

Friday, February 27

  • Switzerland – GDP (Q4 2025) – 03:00 ET
  • Russia – Prime Minister Mishustin annual report to State Duma
  • India – GDP (Q4 2025) – 05:30 ET
  • Canada – GDP (Q4 2025) – 08:30 ET
  • U.S. – Producer Price Index (PPI, Jan) – 08:30 ET
  • U.S. – Chicago PMI (Feb) – 09:45 ET

Saturday, February 28

  • No major scheduled macro events

Sunday, March 1

  • OPEC+ Meeting

Key themes to watch:

  • Market reaction to the new U.S. 15% global tariff.
  • Inflation signals from Eurozone CPI and U.S. PPI.
  • Energy market volatility around the OPEC+ meeting.
  • Central bank communication from the ECB and Bank of England.

With trade policy, inflation and energy supply all in play, volatility could increase across equities, FX, commodities and rates markets throughout the week.

Macro Calendar
Read Also