Critical Core PCE inflation data arrives Thursday at 8:30 am, alongside GDP and jobless claims, setting the stage for Fed policy. Wednesday features ADP Employment and ISM Manufacturing at 8:15 am and 10:00 am. High-impact Nonfarm Payrolls and hourly earnings follow Thursday, July 2nd at 8:30 am. With markets sensitive to cooling growth, these metrics will dictate rate cut expectations. Expect heightened volatility during morning releases as traders digest the dual threat of sticky inflation and softening labor.
Monitor the 8:30 am releases for immediate scalping opportunities in index futures. Focus on PCE and NFP deviations from consensus to gauge the Fed's next move.
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.