The US economy is expected to release several key indicators this week, including the May jobs report, which will reveal whether the labor market continues to exhibit strength after employers added more jobs than analysts expected in April.
The scheduled Friday release of the May U.S. jobs report comes at a time when President Donald Trump has been applying pressure on the Federal Reserve to cut interest rates from their current levels of 4.25% to 4.5%. Fed officials have said that they are in “wait-and-see” mode as the labor market remains strong and inflation comes under pressure from U.S. tariffs.
Investors will also be watching manufacturing and services industry surveys, updated data on consumer credit levels, factory orders, and construction spending, as well as tech and retail earnings reports.
Some of the key events this week include:
* Federal Reserve Chair Jerome Powell’s remarks on Monday
* Earnings reports from companies such as Broadcom, CrowdStrike Holdings, Dollar Tree, Five Below, and Lululemon
* Reports on job openings, private-sector payrolls, and weekly jobless claims
* The release of the U.S. trade deficit report, which comes as tariff threats have pushed shippers to increase imports ahead of expected import taxes
The week follows a close to May trading, which was generally upbeat for stocks, featuring strong performances from the S&P 500 and Nasdaq Composite. Investors will be watching these indicators closely to gauge the health of the US economy and its potential impact on interest rates.
Source: https://www.investopedia.com/what-to-expect-in-the-markets-this-week-11744837