Wednesday features the Fed decision at 2:00 pm and Powell’s presser at 2:30 pm, with markets eyeing potential rate pivots. Thursday at 8:30 am brings critical Core PCE and GDP data, while Friday’s 10:00 am ISM Manufacturing PMI tests industrial health. Next Tuesday at 10:00 am sees ISM Services, followed by Wednesday’s ADP jobs report at 8:15 am. High volatility is expected as traders weigh persistent inflation against cooling growth indicators and labor market tightness.
Traders should brace for maximum volatility during the FOMC press conference and Thursday's PCE release. Consider tightening stops on USD pairs and gold, as these prints will likely dictate the Fed's summer policy trajectory.
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.