Indicators vs. Price Action: Still a Debate?

It's always struck me as odd how much weight some traders put on economic indicators, almost to the exclusion of pure price action. We see the headline numbers come out, $ZARUSD might twitch a bit, $ADA shifts, but often the real move, the sustainable one, started hours or even days before the announcement, or it's a fade on the knee-jerk reaction. Relying solely on CPI, NFP, or GDP to time entries feels like driving a car by looking in the rearview mirror. Surely the market has already priced in a significant portion of the expected data. I'm genuinely curious if anyone here still finds a consistent edge trading purely off the immediate indicator release, or if it's more about confirming existing trends or providing a catalyst for levels already identified through technicals. Push back if you think I'm missing something fundamental.