High-impact events loom with Thursday's 8:30 AM EST GDP Annualized data setting the tone for growth. Inflation focus shifts to Friday's 8:30 AM EST Core PCE Price Index (YoY/MoM), crucial for Fed rate outlook amidst recent hawkish commentary. Early next week, Wednesday's 8:15 AM EST ADP Employment Change will offer key insights into the labor market. Numerous Fed speeches throughout the week, including Daly today at 4:10 PM EST, will provide further monetary policy guidance. Volatility expected around these releases.
Traders should monitor Thursday's GDP and Friday's Core PCE for significant market shifts, particularly in USD and equities, as these will heavily influence Fed expectations. Position for potential volatility around these key inflation and growth indicators, and factor in Fed speakers' remarks for directional cues.
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.