High-impact events begin tomorrow, Wednesday, July 30, with ADP Employment Change at 8:15 AM EST and GDP Annualized at 8:30 AM EST, leading into the critical Fed Interest Rate Decision and Monetary Policy Statement at 2:00 PM EST, followed by the FOMC Press Conference at 2:30 PM EST. Inflation focus shifts to Thursday's Core PCE Price Index at 8:30 AM EST. Friday, August 1, brings the pivotal Nonfarm Payrolls and Average Hourly Earnings at 8:30 AM EST, alongside ISM Manufacturing PMI at 10:00 AM EST. Volatility is expected across these releases.
Traders should prepare for significant volatility tomorrow around the Fed's rate decision and Powell's presser, which will dictate market sentiment. Friday's NFP and wage data are crucial for rate outlook, while PCE inflation figures Thursday will also heavily influence Fed expectations and currency movements.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.