Next Week's Macro Outlook: Walsh Set to Take the Fed Helm, Gold Awaits CPI 'Verdict' Here are the key market events to watch in the coming week (all times in Beijing Time): Monday 09:30 - China's April CPI YoY; Tuesday 15:15 - FOMC permanent voter and New York Fed President Williams participates in a panel discussion on monetary policy; Tuesday 20:15 - U.S. weekly change in ADP employment for the week ending April 25; Tuesday 20:30 - U.S. April CPI data; Wednesday 04:30 - U.S. API crude oil inventory for the week ending May 8; Wednesday 14:45 - France's April CPI MoM final reading; Wednesday 20:30 - U.S. April PPI YoY and MoM; Thursday 14:00 - UK Q1 GDP YoY preliminary reading, March three-month GDP MoM, March manufacturing output MoM, March seasonally adjusted goods trade balance, March industrial output MoM; Thursday 22:00 - U.S. March business inventory MoM; Friday 05:30 - Fed Governor Barr delivers a speech; Friday 21:15 - U.S. April industrial production MoM. Next week, the Federal Reserve will see a major leadership change. Incoming Chair Kevin Walsh is expected to be confirmed by the Senate on Monday and will officially take over from Powell on May 15. On the data front, Tuesday's U.S. CPI inflation report is the main event. As of this Friday, a new surge has driven the S&P 500 index up 8% year-to-date in 2026, continuing its climb after three consecutive years of double-digit returns. The tech-heavy Nasdaq Composite Index is up nearly 13% year-to-date, with both indices hitting record highs. Although Q1 earnings season is nearing its end, corporate reports will remain a key driver for stock prices in the days ahead.