It’s A Busy Week For Economic News
One of our readers recently asked me, “Geof, can you give me a rundown of your top thoughts on the market this week? Is it wait and see until the Fed speaks?”
Well, that’s a great question, and here’s my take.
Everything is in hang mode right now, and here’s why.
Tomorrow, we’ve got a slew of important reports coming out.
The Consumer Price Index (CPI) — a key measure of inflation — kicks things off Wednesday morning at 8:30am Eastern.
Following that, we have the EIA Petroleum Status Report, then the World Agricultural Supply and Demand Estimates.
And finally, the Federal Reserve’s much-anticipated interest rate announcement.
But it doesn’t stop there…
On Thursday, we’ve got the Producer Price Index (PPI) and the 30-year bond auction.
So, what’s the takeaway here?
Right now, the market is essentially holding its breath, waiting to see how these events unfold.
Each of these reports has the potential to shift market sentiment significantly.
The CPI and PPI will give us insight into inflation trends, while the EIA and World Ag reports will impact commodity markets.
And, of course, all eyes will be on the Fed to see if they adjust interest rates.
Once we get past all that, we’ll have a clearer picture of where the market is headed. It’s a lot to digest, but that’s the nature of the game.
We’re in a period of heightened uncertainty, and every piece of data can sway the market one way or another.
Stay tuned, stay informed, and as always, trade smart.
— Geof Smith
P.S. Just as the week’s economic news comes to a close, Nate Tucci launching a trading challenge. Check it out here.
