From Yahoo Finance: 2025-05-24 16:00:00

The Federal Reserve is cautious about raising interest rates as tariffs have not significantly impacted inflation yet. Data on US personal consumption expenditures expected to show a slight increase in April, while economists anticipate trade policy effects to become more visible in the coming months.

The Fed is likely to maintain interest rates amidst cooling US economic growth and increased business caution due to tariffs. Regional Fed presidents’ speeches and Chair Jerome Powell’s remarks will provide insight. Additionally, upcoming economic data includes GDP readings, durable goods orders, and consumer confidence surveys.

In Canada, first-quarter economic growth may fall short of the Bank of Canada’s forecast, with industry-based figures indicating a 1.5% expansion. King Charles III will outline Prime Minister Mark Carney’s priorities in a speech, shedding light on spending plans. Elsewhere, industrial profits in China, euro zone inflation, and rate cuts in South Korea and New Zealand are anticipated.

The Asian economic landscape will see key growth indicators from India and Taiwan, central bank decisions in South Korea and New Zealand, and trade data releases from Hong Kong, Sri Lanka, Thailand, and the Philippines. Production across the region will be closely monitored, with expectations of slowing growth in various countries.

Europe, the Middle East, and Africa will experience a shorter working week. European Central Bank officials enter a pre-decision blackout period, with inflation numbers in focus. Speeches by Bank of England officials will draw attention, while Switzerland, Sweden, and Turkey will release economic data. Monetary decisions are expected in Israel, Hungary, Mozambique, South Africa, and Eswatini.

In Latin America, Brazil and Mexico will release important economic data, including consumer price reports, labor market figures, and GDP data. Expectations are for a slowdown in Brazil’s economy, with first-quarter output data to be closely watched. Central banks in Brazil and Mexico will also publish key reports and meeting minutes.

Read more: Fed to Take in Stride Another Month of Tame Inflation