US Macroeconomic Events in Focus 🇺🇸 Tuesday U.S. Trade Balance (Forecast: -$100.8 billion) A significantly larger trade deficit is expected. Markets will closely monitor the release, particularly regarding trade flows and potential implications for growth expectations. ADP – Weekly Employment Change A fresh look at the state of the U.S. labor market. With employment trends currently under close scrutiny, larger-than-expected deviations could influence expectations ahead of the upcoming labor data. Fed Governor Bowman Speaks Comments on inflation, employment, and the monetary policy outlook could move markets as investors seek to gauge the Fed’s next steps. Fed President Schmid Speaks Another opportunity for markets to gain insights into the Fed’s current assessment of inflation, growth, and interest rates. Conclusion: A relatively quiet U.S. macro day. The trade balance and remarks from Fed officials are likely to draw the most attention.