GDP Annualized data Thursday at 8:30 AM EST will be a key market mover, with recent reports showing slowing growth and recession risks. Inflation focus shifts to Friday's Core PCE Price Index (MoM & YoY) at 8:30 AM EST, crucial as tariffs push prices up and the Fed considers September rate cuts. Today's Durable Goods and Consumer Confidence at 8:30 AM and 10:00 AM EST offer immediate insights into economic health. Fed's Waller speaks Thursday at 6:00 PM EST, potentially offering forward guidance amid shifting policy outlook.
Traders should prepare for significant volatility around Thursday's GDP and Friday's Core PCE data, as these will heavily influence the highly anticipated September Fed rate cut. Monitor Waller's speech for any hawkish or dovish signals, especially given the ongoing debate on the neutral rate. Position accordingly for potential shifts in rate probabilities and equity market reactions.
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.