Macro outlook next week: The United States bids farewell to top credit rating clubs, US stock rebound may end

PANews reported on May 17 that as China and the United States reached an important consensus on the trade agreement at the beginning of this week, market risk appetite began to recover, and major Wall Street stock indexes ended this week with a positive trend. The S&P 500 is expected to rise for the fifth consecutive trading day. The three major U.S. stock indexes closed up weekly. The S&P 500 recovered all lost ground this year, only about 4% lower than its historical high. Looking ahead to next week, U.S. data will be relatively cold, but many Fed officials will speak. In addition, Moody's downgrade of the US rating may cause a "bloody" storm at the opening of the market next Monday. Here are the key points that the market will focus on in the new week:

New York Fed Chairman Williams delivered a graduation speech at the graduation ceremony of Hempstead Hofstra University in New York on Monday at 05:20

Atlanta Fed Chairman Bostic attended the 2025 Financial Markets Conference of the Atlanta Fed on Monday at 20:30 and delivered an opening speech

At 20:45 on Monday, Vice Chairman of the Federal Reserve Jefferson and New York Fed Chairman Williams delivered speeches

Dallas Fed Chairman Logan hosted a panel meeting at the Atlanta Summit on Tuesday 01:15

Atlanta Fed Chairman Bostic delivered an opening speech at an event on Tuesday at 21:00

Richmond Fed Chairman Barkin delivered an opening speech at the 2025 Invest in the U.S. Country Conference on Investing in 21:00 on Tuesday

On Wednesday 01:00, 2025 FOMC voter and St. Louis Fed Chairman Mousalem delivered a speech on economic prospects and monetary policy

Atlanta Fed Chairman Bostic presided over the meeting on Wednesday at 07:00, Cleveland Fed Chairman Hamake and San Francisco Fed Chairman Daley delivered keynote speeches

Richmond Fed Chairman Barkin attended an event called "Feder Listening" on Thursday at 00:00

Thursday at 20:30, the number of initial unemployment claims in the United States to May 17th week

Thursday 21:45, the initial value of S&P Global Manufacturing and Services PMI in May

On Friday at 02:00, New York Fed Chairman Williams delivered a keynote speech at the monetary policy implementation seminar

Traders will focus on the initial U.S. PMI value in May, but they may also be following the speeches of several Fed officials, as they may wonder whether the Fed will continue to worry about economic growth or focus more on the inflation outlook after finding some common ground between the U.S. and China. The rise in PMI may indicate improvement in corporate sentiment after the U.S.-China deal, but investors may want to hear clear statements on how the Fed plans its next move.