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Upcoming U.S. Economic Events

May 11, 2025


📅 U.S. Economic Data Releases – Week of May 11-16, 2025

Date

Time

Currency

Event

Forecast

Previous

Tue May 13

8:30 AM

USD

Core CPI m/m

0.3%

0.1%

Tue May 13

8:30 AM

USD

CPI m/m

0.3%

-0.1%

Tue May 13

8:30 AM

USD

CPI y/y

2.4%

2.4%

Wed May 14

5:15 AM

USD

FOMC Member Waller Speaks

Thu May 15

8:30 AM

USD

Core PPI m/m

0.3%

-0.1%

Thu May 15

8:30 AM

USD

Core Retail Sales m/m

0.3%

0.5%

Thu May 15

8:30 AM

USD

PPI m/m

0.2%

-0.4%

Thu May 15

8:30 AM

USD

Retail Sales m/m

0.0%

1.4%

Thu May 15

8:30 AM

USD

Unemployment Claims

229K

228K

Thu May 15

8:30 AM

USD

Empire State Manufacturing Index

-7.9

-8.1

Thu May 15

8:30 AM

USD

Philly Fed Manufacturing Index

-9.9

-26.4

Thu May 15

8:40 AM

USD

Fed Chair Powell Speaks

Fri May 16

10:00 AM

USD

Prelim UoM Consumer Sentiment

53.1

52.2

Fri May 16

10:00 AM

USD

Prelim UoM Inflation Expectations

6.5%

6.5%


1. Inflation Data (CPI & PPI – May 13 & 15)

  • The CPI and Core CPI (Consumer Price Index) figures will give investors insight into consumer-level inflation. A higher-than-expected reading could reignite fears of persistent inflation and trigger a market pullback, especially in growth stocks.

  • The PPI (Producer Price Index) measures inflation at the wholesale level. If PPI is cooling, it may suggest easing price pressures before they reach consumers.

  • Implication: Inflation reports will impact Fed rate expectations. If CPI and PPI come in hot, the market may price in further tightening or a delay in rate cuts, strengthening the dollar and pressuring equities.

2. Retail Sales Data (May 15)

  • Core and headline retail sales will show whether U.S. consumers are continuing to spend.

  • March and February data showed volatility, with retail sales rebounding in April (+1.4%), but consumer resilience remains uncertain.

  • Implication: Strong retail numbers could support bullish sentiment for equities, especially in consumer discretionary. Weakness could signal broader economic slowdown.

3. Jobless Claims & Manufacturing Indexes (May 15)

  • Weekly unemployment claims remain low but are closely watched for signs of softening labor demand.

  • The Empire State and Philly Fed manufacturing indexes are key gauges of business sentiment and regional economic activity.

  • Implication: Sharp drops in manufacturing sentiment could further the recession narrative, especially if paired with weak job numbers.

4. Fed Commentary (May 14 & 15)

  • FOMC Member Waller and Fed Chair Powell are scheduled to speak.

  • Implication: Their tone will be critical for market direction. Hawkish remarks could spark selloffs in rate-sensitive assets like tech and real estate; dovish tones could boost equities and risk-on assets.

5. Consumer Sentiment & Inflation Expectations (May 16)

  • The University of Michigan’s preliminary readings are closely tied to market psychology.

  • Inflation expectations are especially influential for the Fed's decision-making process.

  • Implication: Rising inflation expectations may pressure the Fed to hold rates higher for longer, which could weigh on growth sectors.


Summary:Markets are entering a high-impact news cycle. Traders should prepare for elevated volatility across equities, the dollar, and bonds. The tone of Fed commentary combined with the trajectory of inflation and retail spending will shape sentiment not only for U.S. markets but for global investors watching U.S. demand and monetary policy.



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