Key Takeaways Nvidia’s scheduled earnings Wednesday highlight the tech financial reports calendar this week, along with quarterly updates from Salesforce, Marvell Technologies, Dell, and HP. Other noteworthy reports expected include retailers Costco, AutoZone, and Dick’s Sporting Goods.

Friday’s PCE inflation report will provide insight into price pressure in April, while investors will also be following updates to first-quarter GDP, the U.S. trade balance, and consumer confidence.

Federal Reserve officials set to speak this week include Federal Reserve Gov. Christopher Waller and New York Fed President John Williams, coming as the Fed is scheduled to release the minutes from its May meeting.

Nvidia (NVDA) earnings and a key inflation report highlight this week’s holiday-shortened calendar as investors continue to evaluate the impact of President Donald Trump’s tariffs and economic policies.

Tech companies Salesforce (CRM), Marvell Technology (MRVL), Dell Technologies (DELL), and HP (HPQ) are expected to deliver earnings this week. Market watchers will also be looking for reports from retailers Costco Wholesale (COST), AutoZone (AZO), Dick’s Sporting Goods (DKS), and Temu parent PDD Holdings (PDD).

The reports are set to arrive after a down week for stocks, which was punctuated Friday by a revival of trade-related uncertainty. You can recap last week’s trading here.

In addition to Friday’s personal consumption expenditures inflation report on Friday, investors will also be tuned into first-quarter gross domestic product (GDP) updates and the latest data on the U.S. trade balance and retail inventories. Consumer confidence and sentiment surveys also will be in focus.

Several Fed officials are on the speaking calendar, including Federal Reserve Gov. Christopher Waller, New York Fed President John Williams, and Minneapolis Fed President Neel Kashkari. Minutes from the latest Federal Open Market Committee (FOMC) meeting are also expected on Wednesday.

Monday, May 26

Markets closed for the Memorial Day holiday

Tuesday, May 27

Durable goods orders (April)

S&P CoreLogic Case-Shiller home price index (March)

Consumer confidence (May)

Minneapolis Fed President Neel Kashkari is scheduled to speak

AutoZone, Bank of Nova Scotia (BNS), Heico (HEI.A), Okta (OKTA), Champion Homes (SKY), Box (BOX), and PDD Holdings are scheduled to report earnings

Wednesday, May 28

Minutes of May FOMC meeting released

Fed Gov. Waller and New York Fed President Williams are scheduled to speak

Nvidia, Salesforce, Synopsys (SNPS), Bank of Montreal (BMO), Veeva Systems (VEEV), Agilent Technologies (A), HP, and Dick’s Sporting Goods are scheduled to report earnings

Thursday, May 29

Initial jobless claims (Week ending May 24)

Gross domestic product – first revision (Q1)

Pending home sales (April)

San Francisco Fed President Mary Daly and Chicago Fed President Austan Goolsbee are scheduled to speak

Costco, Royal Bank of Canada (RY), Dell Technologies, Canadian Imperial Bank of Commerce (CM), Marvell Technology, Zscaler (ZS), and Li Auto (LI) are scheduled to report earnings

Friday, May 30

Personal Consumption Expenditures (PCE) Price Index (April)

Advance U.S. trade balance (April)

Advance retail inventories (April)

Advance wholesale inventories (April)

Chicago Business Barometer (May)

Consumer sentiment – final (May)

Atlanta Fed President Raphael Bostic and Chicago Fed President Austan Goolsbee are scheduled to speak

Shoe Carnival (SCVL) is scheduled to report earnings

Nvidia Earnings Highlight Slate of Tech, Retail, Financial Reports This Week

Nvidia is scheduled to report its quarterly earnings on Wednesday. The chipmaking giant recently returned to the $3 trillion market-capitalization level after its share price rallied by around 50% from its April low. The earnings report follows the company’s announcement that it will supply semiconductors to Saudi Arabian AI startup Humain. Nvidia reported 78% year-over-year revenue growth in its prior earnings release. Semiconductor firm Marvell Technology is also scheduled to report this week.

Salesforce’s expected report on Wednesday comes after the cloud software provider reported 8% revenue growth in its prior quarter on the growth of its Agentforce custom AI platform. While the firm delivered a worse-than-expected outlook, analysts said the company had strong potential for growth.

Thursday’s scheduled report from Dell Technologies will show whether the computer maker continues to benefit from increased demand for AI infrastructure after it grew server and networking sales by 37% in the prior quarter. Morgan Stanley recently raised its price target for the company, citing growing server sales momentum on AI demand. Market watchers will also be following computer equipment maker HP’s scheduled report on Wednesday.

Costco Wholesale is on Thursday’s corporate calendar, coming as the membership-based retailer reported that its April sales rose by 7%, which analysts attributed partly to customers rushing purchases ahead of U.S. tariffs. Costco reported a 9% revenue growth in its prior quarter on increased revenue from higher membership fees.

AutoZone’s scheduled report on Tuesday follows an upgrade from Bank of America Securities as analysts argued that higher auto costs from U.S. tariffs could lead to more vehicle repairs by cost-conscious drivers. Dick’s Sporting Goods’ expected report on Wednesday follows its recent deal to acquire sporting goods retailer Foot Locker (FL).

Investors will be watching the scheduled Thursday report from Chinese EV Li Auto, which competes with Tesla (TSLA) sales in that nation. The Tuesday report from PDD Holdings comes as the parent of Chinese-based online retailer Temu faces pressure from U.S. tariffs.

Inflation, GDP, Fed Speakers in Focus

Friday’s scheduled release of the Personal Consumption Expenditures Price Index will show how the Federal Reserve’s preferred measure of inflation fared in April. A similar inflation reading showed that price increases cooled somewhat in April, and the Fed has said it is closely watching prices in the wake of Trump’s tariffs.

Wednesday’s expected release of the minutes of the May meeting of the FOMC will provide more insight into Fed officials’ deliberations over interest rates and the economy. Likewise, several Fed officials are scheduled to speak during the week, including Fed Gov. Waller, New York Fed President Williams, and San Francisco Fed President Daly.

Revisions to first-quarter GDP are expected on Thursday after the initial report last month showed that the economy shrank in the first three months of 2025.

The state of the consumer will also be in focus for investors, with reports on consumer confidence and consumer sentiment scheduled to be released this week. The reports come as recent surveys show that consumers’ moods have soured over concerns that tariffs will drive prices higher. Friday’s expected reports on the U.S. trade deficit, retail inventories, and wholesale inventories will provide more detail on how U.S. tariffs are affecting the economy.

According to the U.S. Bureau of Labor Statistics, the U.S. economy added 139,000 jobs in May, outpacing economists’ expectations. 1 While job growth is slowing from previous years, the data offer an encouraging sign that consumers remain in a healthy position to contribute to economic growth. However, the 2025 monthly average was tempered by downward revisions to March and April’s job count, reducing total 2025 job gains by 95,000. 1

“Once again, this report shows we’re still keeping up with population growth, which requires at least 100,000 payroll jobs added per month,” says Rob Haworth, senior investment strategy director for U.S. Bank Asset Management Group. “Payroll growth is moderating to a more natural level, especially if you anticipate slower labor force growth over time.”

Consistent with recent trends, healthcare remains the most productive segment of the employment market. Health care added over 62,000 positions in May, up from 44,000 jobs added in April. Leisure and hospitality industries added another 48,000 jobs. “It’s not surprising that most of the job gains are in these two areas,” says Tom Hainlin, national investment strategist for U.S. Bank Asset Management Group. “This is where many of the job openings can be found.” By contrast, following a series of sizable layoffs, federal government employment declined. Changes were modest in most other employment categories. 1

This month, the Federal Open Market Committee (FOMC) — a division of the Federal Reserve responsible for setting monetary policy — met once again to evaluate the health of the economy and make key decisions regarding the federal funds rate.

Following a series of interest rate hikes between March 2022 and July 2023, which were intended to help reverse rising inflation, the Fed held its benchmark rate steady for over a year. However, in September 2024, the Fed decided to lower the federal funds rate by a whopping 50 basis points. It cut its target rate by another 25 bps in November, and again in December.

In all of its 2025 meetings so far, however, the Fed decided to hold the federal funds rate steady at a range of 4.25% to 4.50%.

These decisions impact not only how the economy functions as a whole but also everyday consumers, as they influence rates on savings accounts, credit cards, mortgages, and more.

Statements and forecasts released during FOMC meetings provide valuable information on the economic outlook. Knowing when the Fed meets to discuss monetary policy and make important decisions can help you get a snapshot of the economy’s overall health and adjust your own financial strategy accordingly.

Read more: Should you open a savings account or CD before the Fed’s next meeting?

When is the next Fed meeting?

The FOMC holds eight regularly scheduled meetings per year. Its most recent meeting took place May 6-7, 2025. The next one is scheduled for mid-june.

Here’s the Fed’s full meeting schedule for 2025:

January 28-29

March 18-19*

May 6-7

June 17-18*

July 29-30

September 16-17*

October 28-29

December 9-10*

* Meeting associated with a Summary of Economic Projections.

At these meetings, policymakers assess the health of the economy by evaluating economic indicators such as the Consumer Price Index (CPI), gross domestic product (GDP), and the unemployment rate to shape monetary policy.

The minutes of regularly scheduled meetings are released three weeks after the date of the policy decision. The live press conferences held by Federal Reserve Chairman Jerome Powell are also livestreamed and recorded.

Once each meeting concludes, the FOMC releases its policy decisions at 2 p.m. Eastern time. Then the Fed Chairman holds a press conference at 2:30 p.m.

Read more: How the Federal Reserve rate decision affects mortgage rates

What to expect from the next Fed meeting

The next meeting is expected to provide Americans with an update on the federal funds rate. The Fed lowered its target rate in September, November, and December 2024, but did not make any new changes so far in 2025.

“In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent,” the FOMC wrote in a recent statement. “In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities…The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.”

Experts believe that the Fed will reduce the federal funds rate again in 2025. However, the number and size of these rate cuts remains to be seen.

Read more: How much control does the president have over the Fed and interest rates?

Frequently Asked Questions

Is the Fed going to cut rates again?

It’s not possible to predict with certainty what the Fed will decide regarding the federal funds rate. That said, many economists expect two rate cuts this year.

How often does the Fed meet to change interest rates?

The FOMC holds eight regularly scheduled meetings per year. But this doesn’t necessarily mean the committee will decide to change rates at every meeting. Members assess the economy’s performance and the committee adjusts monetary policy accordingly.

What is the Fed’s target interest rate?

The Fed’s current target range is 4.25%-4.50%.

There’s a lot on the domestic calendar this week. But investors and the world are watching global affairs, too.

Fighting between Iran and Israel intensified over the weekend, with people dying in both countries and Iran reportedly pulling out of planned talks with the U.S. Recent developments in the Middle East not only heighten concerns about the path forward for commodities and other financial markets but stability in the region and beyond.

Meanwhile, several market-driving events are due in the coming days. The Federal Reserve’s interest rate decision, consumer spending data, and possible news on President Donald Trump’s tariffs headline the week. Thursday’s Juneteenth holiday will mean a break from trading.

The Fed will hand down another decision on interest rates this week, with a decision scheduled for Wednesday. The coming weekend could see Tesla providing a significant update on the direction of the electric vehicle maker.

Did consumers in May continue to prop up the economy? Tuesday’s U.S. retail sales will make it clear whether strong spending levels continued, while housing construction data will provide insight into whether builders are catching up with lagging inventory levels. Investors will continue to watch for trade developments as negotiations continue between U.S. officials and key trading partners.

It’s a light week for corporate earnings, highlighted by expected reports from homebuilder Lennar, accounting firm Accenture, grocery chain Kroger, and online used car seller CarMax.

Read to the bottom for our calendar of key events—and one more thing.

Fed Interest-Rate Decision Comes Amid Increasing Pressure for Cuts

Fed officials have said they are keeping rates steady amid a strong labor market as they monitor inflation data for signs that Trump’s tariffs are driving up prices.

But the pressure is on the Federal Reserve after May inflation data came in lower than economists expected. Despite comments from President Donald Trump urging the Fed to make a one-point cut, investors don’t expect the central bank to take action when its two-day meeting concludes on Wednesday.

The CME FedWatch Tool, which measures fed funds futures to determine the path of interest rates, indicates that traders overwhelmingly believe that Fed will keep rates at their current levels in June. They also don’t expect the central bank to move rates at its late July meeting.

After the meeting concludes on Wednesday, Fed Chair Jerome Powell will provide more insight into the central bank’s view on the economy and interest rates when he takes media questions.

On Tuesday, retail sales figures from May will provide another barometer of the economy’s health Consumer spending makes up about two-thirds of the U.S. economy. Meanwhile, housing data will also be scrutinized as affordability issues continue to depress home sales. The latest homebuilder confidence reading on Tuesday will show if construction industry officials see improvements coming in the market, while Wednesday’s housing starts data will indicate whether construction levels are rising amid a need for more housing inventory.

Tesla Robotaxi Rollout Could Come as Early as Sunday

After months of waiting, investors could soon get a key update from electric vehicle maker Tesla (TSLA). CEO Elon Musk said in a recent social media post that the company could roll out its robotaxi service in Austin, Texas, as early as Sunday, June 22. “We are being super paranoid about safety, so the date could shift,” Musk wrote.

The introduction of the company’s robotaxi service could be a key moment for Tesla, which is banking on artificial intelligence (AI) and self-driving vehicles to become the transportation technologies of the future. Tesla is well-positioned to lead the market in the emerging technology, analysts have concluded, with Goldman Sachs writing that the EV maker could have a leg up on the competition through its ability to train self-driving through its AI development and to quickly scale production levels of the technology.

Despite a light corporate earnings schedule this week, investors will still get some expected updates from noteworthy companies.

Lennar’s (LEN) expected report after the bell on Monday follows the homebuilder’s warning of weakness in the housing market in the prior quarter. The scheduled Friday reports from accounting firm Accenture (ACN) and online car seller CarMax (KMX) will be posted in the shadow of both companies’ lower-than-expected profits in the prior quarter.

Quick Links: Recap Last Week’s Trading | Latest Markets News

This Week’s Calendar

Monday, June 16

Data to Watch: Empire State manufacturing survey (June)

Key Earnings: Lennar

Tuesday, June 17

U.S. retail sales (May)

Homebuilder confidence (June)

Key Earnings: Jabil (JBL), John Wiley & Sons (WLY), and La-Z-Boy (LZB)

More Data to Watch: Import/export price index (May), Industrial production/capacity utilization (May), Business inventories (April)

Wednesday, June 18

Housing starts (May)

FOMC interest-rate decision

Federal Reserve Chair Powell press conference

Key Earnings: GMS (GMS)

More Data to Watch: Initial jobless claims (Week ending June 14)

Thursday, June 19

Financial markets closed for the Juneteenth holiday

Key Earnings: Smith & Wesson Brands (SWBI)

Friday, June 20

Leading economic indicators (May)

Key Earnings: Accenture, Kroger (KR), Darden Restaurants (DRI), and CarMax

More Data to Watch: Philadelphia Fed manufacturing survey (June)

One More Thing

Are you a recent graduate? Do you know one? Either way, congratulations! Investopedia’s Sabrina Karl has advice for what new grads can do to set themselves up for the future. Read more about the four smart things grads can do with their gift money.

The Federal Reserve kept a steady hand on interest rates, maintaining them at their target range of 4.25% to 4.5%.

The central bank is calling for two rate cuts this year, but policymakers see higher inflation. They have also cut their outlook for gross domestic product.

At his press conference, Federal Reserve Chair Jerome Powell said that policymakers are “well positioned to wait” before moving further on rates. He also said that “we’re beginning to see some effects” of tariffs on inflation.