Today, Wednesday, at 2:00 pm EST, FOMC Minutes will clarify the Fed's stance amid social media chatter of a potential rate pause. Tomorrow, Thursday, at 8:30 am EST brings high-impact Core PCE data, GDP, and Jobless Claims. Traders should hedge $SPY and $QQQ before the 8:30 am EST window; a hot PCE print may spark a hawkish sell-off. This dual-threat of growth and inflation data will likely dictate the week's closing momentum.
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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.