The highlights of the economic week ahead are the Federal Reserve meeting minutes and a big earnings report from semiconductor giant Nvidia.
There are also reports on global manufacturing and services indexes and consumer inflation expectations which could influence markets a little.
Economic Calendar May 20-24
Last week saw the U.S. Dow Jones Industrial Average (DJIA) cross the 40,000 mark for the first time. The stock rally was boosted by favorable figures in the CPI report, which ignited speculation that the US economy is cooling and that the central bank may cut rates in the next few months.
The minutes of the Federal Reserve FOMC May meeting will be revealed on Wednesday this week. These may offer more insight into monetary policy going forward and a projected rate-cut timeline.
On Thursday, May’s Global Manufacturing PMI preliminary report will be released, capturing business conditions in the manufacturing sector.
May 23 also sees a similar PMI report for the services sector.
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