Federal Reserve meeting minutes indicate cautious rate cuts, focusing on this week's non-farm employment and ECB interest rate decisions

According to reports from Wu, the Federal Reserve's meeting minutes indicate that higher uncertainty is suitable for cautious rate cuts, with almost everyone mentioning inflation risks. The U.S. April PCE was below expectations, focusing on this week's non-farm employment and ECB interest rate decisions.

For the week ending May 24, the number of initial claims for unemployment benefits in the U.S. was 240,000, expected 230,000. The revision of the U.S. first quarter annualized GDP growth rate is -0.2%, expected -0.30%.

NVIDIA's revenue for the first quarter of fiscal year 2026 was $44.1 billion, up 12% from the previous quarter and up 69% year-over-year. The U.S. April PCE price index annual rate is 2.1%, expected 2.20%.

Key events this week include the U.S. May ISM Manufacturing PMI on June 2, the U.S. May ADP Employment Change on June 4, the Federal Reserve's Beige Book and ECB interest rate decision on June 5, and the U.S. May unemployment rate and non-farm payrolls on June 6.