High volatility is expected today, Friday, with the 8:30 AM EST Nonfarm Payrolls and Average Hourly Earnings reports, crucial for the Fed's data-dependent rate outlook. The 10:00 AM EST Michigan Consumer Sentiment data will also be closely watched for inflation expectations. Next Tuesday, CPI inflation data at 8:30 AM EST will heavily influence rate hike probabilities. Wednesday brings 8:30 AM EST Retail Sales and PPI ex Food & Energy, offering further insights into consumer spending and producer prices. Fed speakers throughout the week will provide additional policy clues.
Traders should brace for significant market moves around today's jobs and inflation sentiment data. Focus shifts to Tuesday's CPI for rate path clarity, potentially driving USD and equity volatility. Wednesday's retail sales and PPI could confirm economic health or inflationary pressures.
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.