This week the Fed has made intensive statements + three major data bombshells, is the market going to change?

Question

[Coin World] This week, significant economic data is coming in clusters, and several time points need to be closely monitored.

At 9 am on Tuesday, Powell will speak at a memorial event, and at 11 pm, Fed Governor Bowman will also testify before the House of Representatives—these two statements may reveal the direction of policy.

The ADP employment data for November will be released on Wednesday at 9:15 PM, and the initial jobless claims for the week will be announced at the same time on Thursday. The highs and lows of the job market directly affect the subsequent expectations for interest rate cuts.

The main event is on Friday: three key indicators released at 11 PM - the September core PCE year-on-year rate (the inflation indicator most valued by the Federal Reserve), the preliminary value of the one-year inflation expectation for December, along with the Michigan Consumer Confidence Index.

With this wave of data combinations, market sentiment is expected to be greatly volatile.

WalletWhisperer · Accepted Answer

ngl the real tell is gonna be in the wallet flows during powell's speech... always watch where the smart money moves *before* the data dumps, that's where the pattern emerges

DegenWhisperer · Answer

Here we go again, data bombardment this week, staring at the market every day is exhausting.

Whenever Powell opens his mouth, the crypto world goes crazy, but the question is, who can decipher the old man&#39;s true thoughts?

Those three data points on Friday are the real deal. Once the core PCE is released, it’s likely to either crash or To da moon, can’t gamble anymore.

DarkPoolWatcher · Answer

Friday&#39;s data really feels like the rhythm of a massacre.

It&#39;s time to see if the data will blow up... Let&#39;s take profit on the coins in hand first.

What big move will Powell make this week? We&#39;ll see.

Once the pcE data is out, the market is likely to go crazy; whoever bets on the right direction wins.

During this data-intensive period, it&#39;s time to lie flat and watch.

CommunitySlacker · Answer

After the data dump on Friday, I was just waiting here to buy the dip or cut loss, haha

Powell is trying to scare retail investors this week, bombarding us intensively

Once the core PCE comes out, we probably know that interest rate cuts are off the table, so hold steady

This week has too much tension, everyone fasten your seat belts

During the data week, I&#39;ll be slacking off and not looking at the market, out of sight, out of mind

With inflation and employment, the Fed is really trying to crash the market

Still, it&#39;s wait and see, let&#39;s talk after Friday

tx_pending_forever · Answer

Those three data points dumped together on Friday, my contract is probably going to explode, praying it doesn&#39;t hurt too much.

SleepTrader · Answer

It’s that time again for the hell of watching the market. We really need to hold onto our coins with that data on Friday.

Powell is going to start speaking again, whatever this guy says the market can jump, it&#39;s so annoying.

PCE, unemployment claims, and confidence index are all going to dump, it’s either dumping or short positions, right?

This week’s market is hard to predict, feels like Friday will be very exciting... or should I say very tragic.

By the way, will the one-year inflation expectation initial value be higher than expected again? It might just plummet.