With the Fed signaling a data-dependent path, this morning, Thursday, at 8:30 am EST, the high-impact Core PCE Price Index (MoM/YoY) releases alongside GDP and Initial Jobless Claims. As the Fed’s preferred inflation gauge, PCE will drive heavy volatility in $SPY and $USD. If PCE exceeds expectations, expect a hawkish market reaction and equity sell-off; conversely, cooling inflation may trigger a relief rally. Monitor the New York open for trend confirmation.
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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.