Wednesday features the Fed Interest Rate Decision at 2:00 pm and Powell’s presser at 2:30 pm, driving maximum volatility. Thursday at 8:30 am brings critical Core PCE inflation and GDP growth data, essential for gauging economic health. Earlier, Friday's consumer sentiment at 10:00 am and Tuesday's ADP employment at 8:15 am provide preliminary labor and inflation signals. Traders are watching for any hawkish shifts in Fed communication amid sticky inflation concerns and social media speculation regarding rate pauses.
Prepare for significant price swings during Wednesday's FOMC announcement; prioritize risk management for USD and Treasury pairs. Watch Thursday's PCE print for confirmation of disinflation trends, which could trigger a breakout in equity indices like the SPY and QQQ.
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.