Next Week’s Macro Outlook: The “Powell Era” Final Meeting Minutes Are on the Way, and Nvidia Will Release Earnings on Wednesday

Mars Finance News: On May 16, it is reported that the U.S. and Israel may restart strikes on Iran as early as next week. As expectations of “interest rate hikes” in the bond market run high, the final meeting minutes of the “Powell era” are set to arrive. Here are the key points the market will focus on next week (all times Beijing):

• Tuesday 9:30: the Reserve Bank of Australia releases the minutes of its May monetary policy meeting
• Tuesday 20:00: Federal Reserve Governor Waller delivers remarks at a European Central Bank research conference
• Tuesday 20:15: the weekly change in U.S. ADP employment for the week ending May 2
• Wednesday 7:00: 2026 FOMC voting member and Philadelphia Fed President Paulson delivers remarks
• Thursday 2:00: the Federal Reserve releases the minutes of its monetary policy meeting
• Thursday 20:00: ECB Chief Economist Lane delivers remarks at a European Central Bank research conference

Amid the AI boom and consumer spending pressures under inflation, these two main storylines are currently driving the direction of U.S. stocks. Next week, semiconductor heavyweight NVIDIA (NVDA) and a range of retail companies—including Walmart (WMT)—will begin releasing their earnings reports one after another. NVIDIA will release its earnings after the close of U.S. markets next Wednesday, while Walmart will release its earnings before the market opens next Thursday.