Upcoming high-impact events include Thursday's 8:30 AM EST CPI data, crucial for inflation outlook. Next Monday, GDP Annualized at 8:30 AM EST will provide a key growth indicator. Also on Thursday, Initial Jobless Claims and Philadelphia Fed Manufacturing at 8:30 AM EST, followed by Michigan Consumer Sentiment at 10:00 AM EST. Monday also features Core PCE and Durable Goods at 8:30 AM EST, and Consumer Confidence at 10:00 AM EST. These releases will heavily influence Fed rate expectations amidst ongoing market volatility.
Traders should brace for significant volatility Thursday morning with the CPI release, potentially dictating near-term Fed policy. Monday's GDP and PCE data will offer further clarity on economic health and inflation trends, impacting growth-sensitive assets. Position accordingly for potential shifts in rate hike/cut probabilities.
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.