Wednesday features high-impact Retail Sales at 8:30 am, followed by the critical Fed Interest Rate Decision and Economic Projections at 2:00 pm. Markets are focused on the "Dot Plot" and Chair Powell’s 2:30 pm presser for easing cues. Thursday at 8:30 am brings Jobless Claims and Philly Fed data to gauge labor strength. Friday sees Governor Bowman speak at 3:30 am, while Industrial Production follows at 9:15 am. High volatility is expected across USD and equity pairs.
Watch for a "dovish hold" or surprise cut to spark a rally in growth stocks. Traders should tighten stops before the 2:00 pm Fed announcement and monitor the 10-year yield for immediate reactions to the retail control group data.
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.