Today, Friday, S&P Global Manufacturing and Services PMIs at 9:45 AM EST will gauge economic health. Next week, Tuesday brings critical inflation data with Producer Price Index ex-Food & Energy (YoY) and Retail Sales (MoM) at 8:30 AM EST, influencing Fed rate expectations. On Wednesday, focus shifts to Gross Domestic Product Annualized and Core PCE Price Index (MoM/YoY) at 8:30 AM EST, key for monetary policy, alongside the Fed's Beige Book at 2:00 PM EST. Multiple Fed speeches today could offer immediate insights.
Traders should brace for volatility today around 9:45 AM EST with PMI releases. Next week, strong retail sales and elevated PPI/PCE could reinforce hawkish Fed sentiment. GDP data on Wednesday will further shape rate hike probabilities, demanding close attention.
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.