Important Events and Data Preview for Next Week: Intensive Speeches by Federal Reserve Officials, Release of U.S. May Non-Farm Payroll Data

Here are the key points that the market will focus on in the coming week (all in Beijing time): Next week, several Federal Reserve officials, including Powell, will deliver intensive speeches: Monday 08:00, Federal Reserve Governor Waller will speak on the economic outlook at the 2025 Bank of Korea International Conference; Tuesday 00:45, 2025 FOMC voting member and Chicago Fed President Goolsbee will participate in a Q&A session; Tuesday 01:00, Federal Reserve Chairman Powell will deliver opening remarks at an event; Wednesday 00:45, 2025 FOMC voting member and Chicago Fed President Goolsbee will participate in a Q&A session; Wednesday 20:30, 2027 FOMC voting member and Atlanta Fed President Bostic, along with Federal Reserve Governor Lisa Cook, will attend the "Fed Listens" event; Thursday 02:00, the Federal Reserve will release the Beige Book on economic conditions; Friday 00:00, Federal Reserve Governor Kugler will speak at the Economic Club of New York; Friday 01:30, 2026 FOMC voting member and Philadelphia Fed President Harker will speak on the economic outlook; Friday 20:30, the U.S. will release May's unemployment rate, May's seasonally adjusted non-farm payrolls, and May's average hourly earnings year-on-year/month-on-month data. According to the median of a Bloomberg survey, after exceeding expectations in March and April, economists expect an increase of 125,000 in May. This would keep the average increase over the past three months at a robust level of 162,000. The unemployment rate remains at 4.2%.