High volatility is expected today, Thursday, with S&P Global Manufacturing and Services PMI at 9:45 AM EST, providing current economic health signals. The critical Jackson Hole Symposium is underway, with Fed Chair Powell's highly anticipated speech tomorrow, Friday, at 10:00 AM EST, expected to shape September rate cut expectations amidst political pressure and mixed economic data. Next Thursday, August 28, Gross Domestic Product Annualized at 8:30 AM EST will offer key insights into growth, influencing Fed stance.
Traders should brace for significant market movements around Powell's Jackson Hole speech, as it will dictate the near-term rate trajectory, especially with markets pricing in September cuts. Monitor today's PMI data for immediate market reaction and next week's GDP figures for broader economic sentiment. Position for potential volatility in USD and equity markets.
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.