High-impact events loom:
Thursday at 8:30 AM EST brings GDP data, crucial after recent mediocre growth and tariff uncertainty.
Friday at 8:30 AM EST features critical Core PCE inflation data, the Fed's preferred gauge, with expectations for acceleration potentially challenging September rate cut bets. President
Trump's ongoing pressure on the Fed for lower rates adds political volatility. Next
Tuesday at 10:00 AM EST, ISM Manufacturing PMI offers insight into a softening sector.
Traders should brace for significant volatility around
Thursday's GDP and
Friday's PCE releases, as inflation data will heavily influence September rate cut probabilities. Watch for any signs of further economic deceleration or persistent inflation, which could dictate Fed policy shifts amid political pressures.