Interest Rate Environment: As a mortgage REIT, Adamas Trust is highly sensitive to changes in interest rates. The Federal Reserve's inflation stance, as revealed in the FOMC Minutes, directly influences borrowing costs and the yields on mortgage-backed securities, impacting the company's profitability and net interest spread.

Inflation Trends: Expected US March CPI Data showing inflation trends is a significant macro factor. Higher inflation typically leads to elevated interest rates, which can reduce the value of existing mortgage-backed securities and increase the cost of capital for REITs like Adamas Trust.

Real Estate Market Health: Adamas Trust invests in and manages mortgage-related single-family and multifamily residential assets. The overall health and stability of the U.S. real estate market, driven by broader economic conditions, housing demand, and consumer confidence, directly affect the value of its assets and the performance of its loan portfolio.