Traders Brace For Tsunami Of Data In FOMC Week

Traders will drown in big data this week. Not the kind ChatGPT leverages to churn out "new" Hemingway+. Rather, the usual first-of-the-month top-tier releases from the US. Ostensibly, crucial labor market updates will help refine an ambiguous macro narrative, but in all likelihood, we'll be just as confused after this week as we were before it, if not more so. The world's largest economy probably added 175,000 jobs in April, economists suspect. That'd mark another strong performance even as t