May 2025 Economic Outlook: Key Factors to Watch - Sigmanomics

Traders are set to keep a close eye on key economic events for May 2025 in light of earning reports, potential tariff deals, and potential economic slowdown. In the cross hairs are Meta Platforms, Amazon, Apple, and Amazon. Strong earnings reports could re-install market confidence, while results below expectations could exacerbate April’s selloff.

Non-Farm Payrolls (May 02, 2025)

Payrolls are expected to rise 129,000 jobs from 228,000 the month prior. At the same time, unemployment is expected to hold unchanged 4.2%. This report is expected to be watched closely with direct forex and stock movements to follow.

FOMC Meeting (May 07, 2025)

The Federal Open Market Committee (FOMC) is expected to cross the wires with a cautious tone following markets previously pricing in rate cuts early summer. A dovish tone could provide tailwind for equities, while a more hawkish tone is likely to apply pressure to risk assets.

Inflation (May 13, 2025)

Consumer price index (CPI) will provide a deeper look into price pressures within ongoing trade tensions. Signs of moderate inflation could alleviate and in return lead risk assets higher.

In all, May 2025 is set to be market moving for the better or for the worse. Economic events and looming tariff tensions will be paramount in managing risks.

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