Week Ahead

A data-heavy week ahead features US Core PCE inflation, Fed Minutes, and Q4 GDP estimates, while European sentiment is gauged through PMI data.

Key Takeaways

• 1.The upcoming week focuses on inflation data from the US (Core PCE), Sweden, and the UK, alongside Fed Minutes and US Q4 GDP figures.
• 2.US Q4 GDP growth is expected to slow to 2.0% (SEB) or 2.8% (Consensus) from 4.4% in Q3, partly due to the government shutdown.
• 3.Swedish inflation expectations (Origo) and labor market data are critical domestic indicators, with core inflation trending lower than Riksbank forecasts.

Table of Contents

• Eyes on inflation, Fed Minutes and geopolitics
• Forecasts & publications
• Key Economic Indicators & Events: 16 – 22 Feb, 2026
• SWE: Origo group inflation exp. (Jan)
• SWE: Unemployment, LFS (Jan)
• UK: CPI (Jan)
• US: FOMC meeting minutes
• SWE: CPI, final estimate (Jan)
• GER: PPI (Jan)
• Euro area: PMI, flash (Feb)
• US: Core PCE (Dec)
• US: GDP Q4, initial estimate
• US: S&P PMI (Feb, prel)

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