High-impact events begin today, Thursday, with Core PCE inflation at 8:30 AM EST, crucial for Fed rate outlook. Tomorrow, Friday, brings the critical Nonfarm Payrolls and Average Hourly Earnings at 8:30 AM EST, alongside ISM Manufacturing PMI at 10:00 AM EST, expected to drive significant volatility. Early next week, Tuesday's ISM Services PMI at 10:00 AM EST will offer further economic insights. Market focus remains on inflation and labor market health, influencing Fed policy expectations.
Traders should brace for significant swings around Thursday's Core PCE data and Friday's jobs report, as these will heavily influence rate hike probabilities. Watch for any divergence in employment and inflation metrics to gauge potential Fed responses and market direction.
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.