Publication date: November 21, 2025
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The week ahead: Inflation figures US
In Money Care's weekend report, we present you with the overview of the (macro-economic) events that could cause movement in the stock markets.
Review of last week:
With the absence of recent key macroeconomic data and increased expectations that the Fed will not cut interest rates further this year gives uncertainty to the market. The number of reports about the burst of AI hype is fueling investor uncertainty. As a result, equity markets and crypto markets had to pull back significantly over the past week.
Nvidia was a bright spot. Quarterly earnings were once again better than sky-high expectations. The stock price opened sharply higher but due to negative sentiment in the markets, it had to give back the gains.
On Thursday, November 20, the monthly labor figures (NFP) for September in the US were published somewhat unexpectedly. A bit late in the day but the reaction was still there. With 119,000 new jobs in September, the number rises above expectations. Hourly earnings rose less than expected and the unemployment rate is slightly higher than expected at 4.4%. Mixed results but especially the number of new jobs is a strong positive sign for the fragile labor market. This gives no reason for the Fed to cut interest rates further on which markets sank further.
Upcoming week:
In the coming week we look forward to the release of the monthly Producer Price Index (PPI) and the US Core PCE Price Index. Both figures are for September but still give a good indication of the development of inflation in the US. The Core PCE Price Index in particular will be able to cause movement in the markets. The release is Wednesday, Nov. 26 at 4 p.m. and is expected to be up 2.9% year-on-year and 0.2% month-on-month.
A lower outcome is positive for equity markets as inflation is precisely what needs to fall so that interest rates can continue to fall.
Economic calendar week 48
Herewith the most important macro-economic data for the coming week. The data may cause additional movement in the financial markets.
Monday, November 24, 2025:
Tuesday, November 25, 2025:
EU:
Wednesday, November 26, 2025:
Thursday, November 27, 2025:
Friday, November 28, 2025:
United States:
EU:
Please note that dates and times of these events may change. For the most up-to-date information, it is advisable to consult the official communication channels of the relevant organizations and authorities.
Disclaimer: Investinginvolves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.