This week, the markets are focused on important data from the US. Experts are particularly following the Consumer Price Index (CPI) and Producer Price Index (PPI) figures. Investors are expecting to obtain clearer clues about possible interest rate cuts that the Fed may make in December with this data. As we reported at Kriptokoin.com , the statements made by Fed officials usually shape market expectations. All these developments are likely to cause fluctuations, especially in crypto markets.
Future Messages from Powell and Fed Officials
The speech that Fed Chairman Jerome Powell will give this week is eagerly awaited by crypto markets. Powell stated in his speech last week that monetary policy is still tight. This week, he will likely give the message of an “appropriate recalibration.” If Powell signals a tighter or looser stance, this will directly affect market sentiment.
In addition, other Fed officials will be on stage this week. Names such as Christopher Waller, Tom Barkin and Patrick Harker will share the Fed’s stance on the economic outlook and inflation targets. These statements will provide investors with more insight and create volatility in the markets. Future messages will cause investors to reassess their positions.
Crypto Markets Will Follow These Events: The Importance of Labor Market and Budget Data
Thursday’s weekly jobless claims figures will be a key indicator of the health of the labor market. If jobless claims increase more than expected, that could increase pressure on the Fed to cut rates . A strong labor market outlook could prompt the Fed to take more cautious steps.
In addition, the US monthly federal budget data will be closely monitored. These data will shed light on the government’s financial situation and form a basis for economic planning. In particular, changes in the budget deficit will provide important clues about economic growth and inflation targets. Budget data provide a broad perspective on the overall health of the economy.
Crypto Market Focuses on US Data
The crypto market is focused on macroeconomic data this week, following last week’s rise. Inflation and labor market data from the US will directly affect the course of crypto assets. In particular, the signals the Fed will give regarding interest rate policy will shape investors’ strategies.
Investors can make changes to their crypto portfolios by closely following inflation data and Fed officials’ statements. For this reason, markets are likely to be quite active this week. Data from the US will be the main agenda item for crypto investors.
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