Retail Sales data tomorrow, Wednesday, at 8:30 am precedes the week's main event: the FOMC interest rate decision and economic projections at 2:00 pm. High volatility is expected during Powell’s 2:30 pm press conference as markets seek clarity on future cuts. Thursday brings Initial Jobless Claims and Philly Fed data at 8:30 am, while Governor Bowman speaks Friday at 3:30 am. Today, Tuesday, features ADP employment and Empire State manufacturing at 8:30 am.
Traders should brace for significant price action on Wednesday afternoon; the "Dot Plot" and Powell’s tone will dictate near-term dollar strength and equity momentum. Monitor 8:30 am releases daily for pre-market trend shifts.
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.