This week's packed with market-moving data drops.

Kicking off Monday with Powell taking the mic—always a volatility trigger. Oh, and QT finally wraps up (yes, really). Manufacturing folks get their PMI and ISM numbers too.

Mid-week Wednesday brings round two of PMI reports plus more ISM readings. Nothing crazy, but the devils in those details.

Thursday's the jobs spotlight: Initial Jobless Claims hit the wire, plus we'll see how bad (or not) the Trade Deficit looks.

Friday's the big one though—PCE Inflation Data lands. That's the Fed's favorite inflation gauge, so expect some fireworks depending on where it prints.

TL;DR: buckle up, macro's about to get interesting. Watch those data releases if you're positioned in risk assets.