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 Wall Street's major stock indexes ended the week on a positive note. The S&P 500 is expected to rise for the fifth consecutive trading day, and the three major U.S. stock indexes all closed higher on a weekly basis. The S&P 500 recovered all its losses for the year and is only about 4% lower than its historical high. Looking ahead to next week, U.S. data is relatively bleak, but many Federal Reserve officials will speak. In addition, Moody's downgrade of the U.S. rating may set off a "bloodbath" when the market opens next Monday. The following are the key points that the market will focus on in the new week:

At 05:20 on Monday, New York Fed President Williams delivered a commencement speech at the Hofstra University graduate graduation ceremony in Hempstead, New York.

At 20:30 on Monday, Atlanta Fed President Bostic attended the Atlanta Fed 2025 Financial Markets Conference and delivered an opening speech

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

Dallas Fed President Logan moderates a panel at the Atlanta Summit at 01:15 on Tuesday

Atlanta Fed President Bostic delivers opening remarks at an event at 21:00 on Tuesday

At 21:00 on Tuesday, Richmond Fed President Barkin delivered opening remarks at the 2025 Investing in Rural America conference

At 01:00 on Wednesday, 2025 FOMC voting member and St. Louis Fed President Moussalem will speak on the economic outlook and monetary policy

At 07:00 on Wednesday, Atlanta Fed President Bostic chaired the meeting, and Cleveland Fed President Hammack and San Francisco Fed President Daly delivered keynote speeches.

At 00:00 on Thursday, Richmond Fed President Barkin will attend an event called "Fed Listens"

At 20:30 on Thursday, the number of initial jobless claims in the United States for the week ending May 17

At 21:45 on Thursday, the preliminary values of the US S&P global manufacturing and service PMI for May

At 02:00 on Friday, New York Fed President Williams delivered a keynote speech at the Monetary Policy Implementation Seminar

Traders will be watching the initial U.S. PMI for May, but they may also be watching speeches by several Fed officials as they may wonder whether the Fed continues to worry about economic growth or is more concerned about the inflation outlook after finding some common ground in the U.S. A rise in the PMI could indicate improved business sentiment following the U.S.-China deal, but investors may want to hear some clarity on how the Fed plans its next move.