Traditional markets in the US are closed on Monday for Memorial Day, but a big flow of economic data will follow during the rest of the week ahead.
Trade war fears returned to the markets late last week with Donald Trump stirring the pot again, threatening phone makers and the European Union. This resulted in a slide in tech stocks and crypto markets following Bitcoin’s all-time high last week.
On Sunday, Trump agreed to delay 50% EU tariffs until July 9, easing some tension, albeit temporarily.
Economic Events May 26 to 30
Tuesday will see consumer confidence data released, which reflects sentiment and consumer spending power.
The Federal Reserve will hold its May minutes meeting on Wednesday, which could provide further context on the central bank’s rate-cut expectations. No surprises are expected, but investors are speculating whether rate cuts might come in the second half of 2025.
Thursday will see the Q1 GDP Growth Annualized report released, providing more insight into econo
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