Upcoming economic events 27 May 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
05:00		2 points	BoJ Core CPI (YoY)	2.3%	2.2%
08:00		2 points	FOMC Member Kashkari Speaks	———-	———-
12:30		2 points	Core Durable Goods Orders (MoM) (Apr)	-0.1%	0.0%
12:30		3 points	Durable Goods Orders (MoM) (Apr)	-7.9%	9.2%
13:00		2 points	S&P/CS HPI Composite – 20 n.s.a. (YoY) (Mar)	4.5%	4.5%
13:00		2 points	S&P/CS HPI Composite – 20 n.s.a. (MoM) (Mar)	———-	0.7%
14:00		3 points	CB Consumer Confidence (May)	87.1	86.0
15:30		2 points	Atlanta Fed GDPNow (Q2)	2.4%	2.4%
16:00		2 points	2-Year Note Auction	———-	3.795%

Summary of Upcoming Economic Events on May 27, 2025

Japan

1. BoJ Core CPI (YoY) – 05:00 UTC

• Forecast: 2.3% | Previous: 2.2%
• Market Impact:
  • Rising core CPI could fuel expectations of tightening or less dovish stance from the Bank of Japan.
  • May result in JPY appreciation and Japanese bond yield increases if above forecast.

United States

2. FOMC Member Kashkari Speaks – 08:00 UTC

• Market Impact:
  • Known for centrist views; any hawkish shift may lift USD and Treasury yields.
  • A dovish tone could support risk assets and pressure the dollar.

3. Core Durable Goods Orders (MoM) (Apr) – 12:30 UTC

• Forecast: -0.1% | Previous: 0.0%

4. Durable Goods Orders (MoM) (Apr) – 12:30 UTC

• Forecast: -7.9% | Previous: +9.2%
• Market Impact:
  • Sharp decline in headline orders would reflect cooling business investment, potentially weighing on equities.
  • Weak core figure would further support Fed dovish stance.

5. S&P/Case-Shiller Home Price Index (YoY & MoM) – 13:00 UTC

• YoY Forecast: 4.5% | Previous: 4.5%
• Market Impact:
  • Stable or rising home prices suggest resilient real estate demand despite high rates.
  • Could support USD if seen as limiting Fed’s room to ease policy.

6. CB Consumer Confidence (May) – 14:00 UTC

• Forecast: 87.1 | Previous: 86.0
• Market Impact:
  • An improving outlook may boost risk sentiment and support equities.
  • A negative surprise could raise concerns over slowing consumption.

7. Atlanta Fed GDPNow (Q2) – 15:30 UTC

• Forecast: 2.4% | Previous: 2.4%
• Market Impact:
  • A stable or rising estimate reinforces growth resilience, potentially pressuring Treasuries.
  • A drop might support Fed rate cut expectations.

8. 2-Year Note Auction – 16:00 UTC

• Previous Yield: 3.795%
• Market Impact:
  • High demand (lower yield) suggests strong investor confidence in short-term outlook.
  • Weak demand (higher yield) could raise short-term rates and pressure equities.

Market Impact Analysis

• High-impact focus is on U.S. durable goods data and consumer confidence, which will shape views on economic momentum.
• Inflation data from Japan may influence JPY and regional bond markets.
• Bond auctions and Fed commentary will help guide short-term rate expectations.
• Real estate data and the GDPNow estimate will fill in the growth and inflation puzzle for markets.

Overall Impact Score: 7/10

Key Focus:
U.S. data on durable goods, consumer sentiment, and real estate prices, along with Fed commentary and bond auction dynamics, will be central to gauging the near-term path of interest rates, economic growth, and market sentiment. Japan’s CPI will play a supportive role in shaping BoJ policy expectations. Volatility is expected to be moderate to high, especially in USD, equities, and short-duration bonds.