4 US Economic Events with Crypto Implications This Week
This week features four key US economic events, including the FOMC decision and Powell's press conference, impacting crypto markets.Summary
This week is crucial for traders as several US economic events are scheduled, occurring amidst an ongoing government data blackout. The most significant event is the Federal Open Market Committee (FOMC) interest rate decision on Wednesday, where the market anticipates a 96.7% chance of a 25-basis-point rate cut. Following this, Fed Chair Jerome Powell's press conference will be closely scrutinized for forward guidance, especially regarding 2025 rate cut expectations and the nearing end of quantitative tightening (QT).
Other important data points include the Initial Jobless Claims released Thursday, which offers insight into the labor market's health, especially given recent spikes in federal worker claims due to the shutdown. Finally, the September PCE (Personal Consumption Expenditure) data will be released; analysts expect inflation to remain sticky, supporting the Fed's potential decision to hold rates steady. These monetary policy shifts and inflation indicators directly influence risk appetite and liquidity, causing swift reactions in traditional assets and cryptocurrencies like Bitcoin.
(Source：BeInCrypto)