Fed's interest rate decision - Economic Calendar starting 05May25
Public Holidays
China is closed on Monday (5 May 2025) as they celebrate Labour Day.
Hong Kong is closed on Monday (5 May 2025) as they celebrate Buddha’s birthday.
There are no public holidays in America or Singapore. However, on Monday (5 May 2025), Singapore’s Saturday General Election (2025) will provide “off in lieu” for some business and government agencies.
Economic Calendar (05May25)
Notable Highlights (some are taken from Grok)
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The most watched news apart from Tariffs should be the Fed’s interest rate decision. President Trump has put pressure on the Fed to lower the interest rate. Fed Interest Rate Decision (02:00, USD, Previous: 4.50%): The previous rate was 4.50%. Any change in the interest rate, or even the tone of the FOMC statement, will significantly impact markets. A hawkish stance (indicating tighter policy) could strengthen the USD but pressure equities, while a dovish stance might boost risk assets.
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S&P Global Services PMI (Apr) (21:45, USD, Forecast: 51.4, Previous: 54.4): A forecasted decline from 54.4 to 51.4 suggests a slowdown in the U.S. services sector. While still above 50 (indicating expansion), this could signal cooling economic activity, potentially pressuring investor sentiment.
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ISM Non-Manufacturing PMI (Apr) (22:00, USD, Forecast: 50.6, Previous: 50.8): A slight decline from 50.8 to 50.6 indicates marginal contraction in non-manufacturing activity. This could raise concerns about broader economic growth in the U.S.
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ISM Non-Manufacturing Prices (Apr) (22:00, USD, Forecast: 60.9): A high reading of 60.9 suggests rising prices in the non-manufacturing sector, which may fuel inflation concerns and influence expectations for Federal Reserve policy.
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10-Year Note Auction (01:00, USD, Previous: 4.435%): The yield on the 10-year note auction will provide insight into investor demand for U.S. debt. A higher yield than the previous 4.435% could indicate lower demand, potentially reflecting concerns about inflation or economic stability. 30-Year Bond Auction (01:00, USD, Previous: 4.813%): Similar to the 10-year note auction, the 30-year bond yield will reflect long-term investor confidence. A higher yield than the previous 4.813% could signal concerns about inflation or fiscal sustainability.
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Initial jobless claims will be announced. This weekly report tracks the number of new unemployment claims, serving as a leading indicator of labor market health. The Federal Reserve uses this as one of the key macro data references as it balances inflation and employment in the economy.
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Crude Oil Inventories can be seen as forward indicators of market demand and consumption. This event tracks the weekly change in U.S. crude oil inventories, an oil supply and demand indicator that can impact oil prices and energy markets. If the trend of excess inventories continues, demand erosion can lead to reduced production & weakened consumer spending.
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