Today, Friday, at 8:30 am, Nonfarm Payrolls and Average Hourly Earnings release, serving as a vital health check for the cooling labor market. Next Thursday at 8:30 am, Core PPI data arrives, followed by the high-impact CPI inflation report on Friday at 8:30 am. With the Fed entering its blackout period soon, these metrics are the final catalysts for September rate cut sizing. Expect significant volatility in Treasury yields and equities during these morning releases.
Traders should brace for sharp moves in USD and tech stocks. If NFP misses or CPI runs hot, expect a rapid repricing of interest rate expectations. Monitor the 8:30 am window closely for momentum shifts.
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.