Tracking Black Economic Stakes in America’s Economic Indicators and Central Bank Signals

Monday, May 26 – Memorial Day

No scheduled economic events
While markets rest, Black workers—especially in essential sectors—continue to labor under wage suppression. National holidays often illuminate persistent labor disparities where African Americans overrepresent in underpaid, underprotected service roles.

Tuesday, May 27

• Minneapolis Fed President Neel Kashkari Speech (Tokyo, 4:00 AM & 8:00 PM ET)

Known for his dovish leanings, Kashkari may highlight global risks to U.S. growth. For African Americans, particularly those vulnerable to job cuts in an economic slowdown, his tone on future rate cuts is critical.

• Durable-Goods Orders (Apr): -7.8% (Prev: +9.2%)

A sharp plunge signals weakening investment and manufacturing demand. This contraction could hit Black industrial workers and logistics employees, especially those in Southern and Midwestern states.

• Durable-Goods Minus Transportation (Apr): Data Pending

A flat reading here would confirm broad weakness beyond aerospace and autos, hurting smaller suppliers and minority-owned industrial businesses.

• Case-Shiller Home Price Index (Mar): Data Pending (Prev: +4.5%)

Rising home prices continue to push African Americans out of first-time homeownership, especially in major urban markets like Atlanta, D.C., and Charlotte, where HBCU alumni are concentrated.

• Consumer Confidence (May): 86.0 (No Change)

Flat confidence underscores persistent economic anxiety. For Black households carrying higher debt loads and experiencing lower wealth levels, stagnation in sentiment suggests limited consumption growth and continued vulnerability.

Wednesday, May 28

• Minneapolis Fed President Neel Kashkari Speech (Tokyo, 4:00 AM ET)

Expect continued remarks on global financial coordination. The impact of any global tightening or deflation trends could ripple into U.S. credit markets, disproportionately hurting communities already locked out of affordable loans.

• FOMC Meeting Minutes (2:00 PM ET)

This will reveal how serious the Fed is about easing policy. Delay in rate cuts prolongs high borrowing costs, keeping homeownership and business investment out of reach for many African Americans and HBCUs.

Thursday, May 29

• Initial Jobless Claims (May 24): 228,000 (Prev: 227,000)

Minimal movement masks deeper problems; Black unemployment remains higher than national averages, and layoffs still skew toward underrepresented groups in precarious industries.

• GDP (Q1 First Revision): -0.3%

A contracting economy, even marginally, means slower hiring and investment. For African American workers and business owners already operating with less margin for error, the pressure will rise.

• Richmond Fed President Tom Barkin Speech (8:30 AM ET)

Representing a region with many HBCUs and Black rural towns, Barkin’s remarks could preview whether the Fed sees these communities as economic priorities or statistical footnotes.

• Pending Home Sales (Apr): -0.4% (Prev: +6.1%)

Slumping pending sales point to ongoing housing market stress. This especially harms African American families trying to transition from renters to owners amid high mortgage rates.

• Chicago Fed President Austan Goolsbee Speech (10:40 AM ET)

Goolsbee’s economic pragmatism could bring a dose of realism on inequality. If he signals concern over underperformance in low-income markets, that could hint at future support for inclusive growth.

• Fed Governor Adriana Kugler Speech (2:00 PM ET)

Kugler may touch on labor market disparities and wage equity. Her background in labor economics makes her one of the more likely Fed voices to mention economic stratification directly.

• San Francisco Fed President Mary Daly Speech (4:00 PM ET)

Daly often discusses inclusion and systemic barriers—her speech could reinforce the need for policy tools that close gaps in employment, housing, and education for Black communities.

• Dallas Fed President Lorie Logan Speech (8:25 PM ET)

Logan oversees a region with growing Black populations in cities like Dallas and Houston. Her take on regional growth and monetary policy could influence credit access and labor demand in these hubs.

Friday, May 30

• Personal Income (Apr): +0.3% (Prev: +0.5%)

Income growth slowing means wage pressures are easing—a problem for African American households already earning less and struggling with rising living costs.

• Consumer Spending (Apr): +0.2% (Prev: +0.7%)

Weaker spending growth reflects household caution. Black consumers, often with fewer financial safety nets, are pulling back out of necessity—not choice.

• PCE Index & Core PCE (Apr): +0.1% | YoY PCE: 2.2%, Core: 2.6%

Inflation is slowing but still above target. High price persistence in areas like housing and food continues to affect African American families, who spend a larger share of income on essentials.

• Advanced U.S. Trade Balance (Apr): Data Pending (Prev: -$163.2B)

A massive trade deficit signals continued reliance on imports. U.S.-based Black manufacturers and exporters remain sidelined by structural inequalities in scale, capital, and global market access.

• Advanced Retail Inventories (Apr): Data Pending (Prev: -0.1%)

Inventory declines suggest caution among retailers, which could mean reduced orders for minority-owned suppliers and less hiring in warehouse/logistics sectors with strong Black labor representation.

• Advanced Wholesale Inventories (Apr): Data Pending (Prev: +0.4%)

If inventories keep rising, distributors may slow purchasing cycles, tightening cash flow for small suppliers—particularly those without banking relationships or supplier diversity contracts.

• Chicago Business Barometer (PMI, May): 45.5 (Prev: 44.6)

A sub-50 reading indicates contraction. For African American professionals and businesses in Midwest metro markets, sluggish growth can stall economic progress and widen existing gaps.

• Consumer Sentiment (Final, May): 50.8

Still hovering at recessionary levels, sentiment continues to reflect fear. Among Black households facing persistent inflation and limited safety nets, pessimism may trigger more cautious economic behavior.

• San Francisco Fed President Mary Daly Speech (4:45 PM ET)

Her final remarks of the week may reinforce the theme of inclusive recovery—or warn of economic divergence. Either way, Daly remains a Fed leader worth watching for HBCU communities and Black policymakers.

HBCU Money Insight:
This week’s economic data confirms what many in Black America already feel—stagnant wages, expensive goods, and unaffordable homes. Despite easing inflation, the lack of meaningful policy response to racial economic disparities remains glaring. As Fed voices speak from Tokyo to Texas, the African American economy remains in the shadows of the headlines.