Important Events and Data Forecasts for Next Week: Fed Officials Speak Intensively, U.S. May Non-Farm Data Released

Here are the key points that the market will focus on in the new week (all times in Beijing):

Next week, multiple Fed officials, including Powell, will speak intensively:

Monday 08:00, Fed Governor Waller will speak on economic prospects at the 2025 Bank of Korea International Conference;

Tuesday 00:45, 2025 FOMC voter and Chicago Fed President Goolsbee will participate in a Q&A session;

Tuesday 01:00, Fed Chairman Powell will give an opening speech at an event;

Wednesday 00:45, 2025 FOMC voter and Chicago Fed President Goolsbee will participate in a Q&A session;

Wednesday 20:30, 2027 FOMC voter, Atlanta Fed President Bostic, and Fed Governor Lisa Cook will attend the 'Fed Listens' event;

Thursday 02:00, the Fed will release the Beige Book on economic conditions;

Friday 00:00, Fed Governor Kugar will speak at the New York Economic Club;

Friday 01:30, 2026 FOMC voter and Philadelphia Fed President Harker will speak on economic prospects;

Friday 20:30, the U.S. will release the unemployment rate for May, U.S. seasonally adjusted non-farm payroll data for May, and U.S. May year-on-year/month-on-month average hourly wage data. According to the median from a Bloomberg survey, after employment growth exceeded expectations in March and April, economists expect an increase of 125,000 in May. This will keep the average increase over the past three months at a robust level of 162,000. The unemployment rate remains at 4.2%.