Durable Goods and FOMC Minutes today, Wednesday, at 8:30 am and 2:00 pm EST respectively, provide crucial policy clues. In 2 days, Friday brings Core PCE and GDP data at 8:30 am EST, followed by PMI at 9:45 am EST. Tomorrow, Thursday, features Jobless Claims at 8:30 am EST. Traders should hedge ahead of Friday's PCE; a hot reading may strengthen the USD and pressure equities. Watch the minutes to gauge rate cut probability.
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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.