Thursday features high-impact S&P Global PMIs at 9:45 am today. Tomorrow, Friday, Michigan sentiment at 10:00 am offers inflation insight. In 6 days, Wednesday, the FOMC rate decision at 2:00 pm and Powell’s 2:30 pm presser are pivotal for rate outlooks. High-volatility Core PCE and GDP follow next Thursday at 8:30 am. Traders should hedge $SPY positions before the FOMC announcement. Stagflation fears may spike volatility if growth data misses expectations.
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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.