Critical CPI data, delayed by the government shutdown, releases Friday, October 24, at 8:30 AM EST, with a 3.1% rise expected, pivotal for Fed rate cut decisions this month amidst a weakening labor market. S&P Global PMIs at 9:45 AM EST offer growth insights. Thursday's Initial Jobless Claims at 8:30 AM EST and Fed speeches around 10:00 AM EST may provide monetary policy clues. Durable Goods Orders on Monday at 8:30 AM EST and Consumer Confidence on Tuesday at 10:00 AM EST are also key.
Traders should brace for significant volatility Friday morning around CPI data, impacting USD and equity futures, especially given Fed's dovish pivot concerns. Strong CPI could reinforce rate hike fears, while weak data might signal further easing. Monitor jobless claims for labor market health and Fed speakers for policy trajectory.
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.