High volatility is expected this week. Wednesday brings critical GDP Annualized and ADP Employment Change at 8:15-8:30 AM EST, followed by the Fed Interest Rate Decision and Monetary Policy Statement at 2:00 PM EST, with Powell's press conference at 2:30 PM EST. Thursday features Core PCE Price Index data at 8:30 AM EST. The week culminates Friday with Nonfarm Payrolls and Average Hourly Earnings at 8:30 AM EST, alongside ISM Manufacturing PMI at 10:00 AM EST, all crucial for rate outlook and economic sentiment.
Traders should brace for significant market moves, especially around Wednesday's Fed announcements and Friday's jobs report. These releases will heavily influence Fed policy expectations and overall market direction. Consider hedging strategies given potential for sharp reversals.
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.