Next Week’s Macro Outlook: Potential “Phased Progress” for US-Iran Agreement; US and Japan Interest Rate Paths May Become Clearer
BlockBeats reports that on May 24, after nearly three months of ongoing conflict, Iran, the United States, Pakistan, and multiple international media outlets signaled progress in negotiations on Saturday, indicating that all parties are moving toward a phased outcome. If this trend continues to be confirmed and implemented next week, the capital markets may see a return of risk appetite, with U.S. stocks and crypto potentially rebounding.
On the macro front, central bank officials from the United States and Japan will give a series of speeches next week, potentially clarifying the next stage of interest rate expectations:
Tuesday at 22:00 (UTC+8): U.S. Conference Board Consumer Confidence Index for May;
Wednesday at 08:00 (UTC+8): Governor Kazuo Ueda of the Bank of Japan speaks at a Bank of Japan-hosted monetary policy meeting;
Wednesday at 20:15 (UTC+8): U.S. ADP Employment Change for the week ended May 9;
Thursday at 20:30 (UTC+8): Canada's Q1 current account, U.S. Initial Jobless Claims for the week ended May 23, U.S. April Core PCE Price Index Year-on-Year, U.S. April Personal Spending Month-on-Month, U.S. Q1 Real GDP Annualized Quarter-on-Quarter Revised Value, U.S. April Core PCE Price Index Month-on-Month, U.S. April Durable Goods Orders Month-on-Month;
Thursday at 20:55 (UTC+8): FOMC permanent voting member and President of the New York Fed, Williams, delivers a keynote speech at a conference organized by the Central Bank of Iceland;
Thursday at 22:15 (UTC+8): 2028 FOMC voting member and President of the St. Louis Fed, Musalem, delivers a speech;
Friday at 07:30 (UTC+8): Japan's April unemployment rate;
Friday at 18:50 (UTC+8): 2028 FOMC voting member and President of the Kansas Fed, Schmid, delivers a speech;
Friday at 21:10 (UTC+8): Federal Reserve Board member Bowman delivers a speech.
In addition, on Monday (May 25), U.S. stock markets will close for one day in observance of Memorial Day. Trading of precious metal and U.S. oil futures contracts under CME Group will pause at 02:30 (UTC+8) on May 26, while trading of U.S. stock and treasury futures contracts will pause at 01:00 (UTC+8) on May 26; Brent crude oil futures contracts under ICE will close early at 01:30 (UTC+8) on May 26.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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