Today, Thursday, Fed speeches from Hammack (10:15 AM EST), Cook (11:00 AM EST), and Goolsbee (1:40 PM EST) are ongoing. Tomorrow, Friday, S&P Global Manufacturing and Services PMIs at 9:45 AM EST are key for growth outlook. Next week, Tuesday brings critical PPI and Retail Sales data at 8:30 AM EST, impacting inflation and consumer spending narratives. Wednesday features significant Core PCE Price Index and GDP Annualized data at 8:30 AM EST, directly influencing Fed policy expectations.
Traders should prepare for volatility around Friday's PMI data, offering immediate sentiment. Significant market movements are anticipated for Tuesday's inflation and retail sales figures, and especially Wednesday's PCE and GDP releases, which will heavily shape Fed rate hike/cut expectations.
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.