High volatility expected Wednesday at 2:00 pm for FOMC Minutes, providing insight into the Fed's rate path amid cooling inflation. Friday features critical S&P Global Manufacturing and Services PMI at 9:45 am, testing recession fears. Earlier, Monday sees Empire State Manufacturing at 8:30 am, while Tuesday brings housing data and ADP averages at 8:15 am. Thursday jobless claims at 8:30 am remain a key labor market gauge as traders weigh potential September easing.
Traders should monitor the 2:00 pm Wednesday release for hawkish shifts that could pressure equities. Prepare for rapid price action Friday morning; a PMI miss may fuel "bad news is bad news" recessionary selling.
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.