Weekly Economic Calendar: Bitcoin and Ethereum Highlights (Sept 23-28, 2024)
The post Weekly Economic Calendar: Bitcoin and Ethereum Highlights (Sept 23-28, 2024) appeared on BitcoinEthereumNews.com.
This week’s economic calendar includes major data releases like US PMI, Consumer Confidence, and the PCE Price Index, alongside key crypto market movements. Bitcoin and Ethereum prices are showing slight upticks, reflecting market stability ahead of critical financial events. MicroStrategy’s purchase of 7,420 BTC and the SEC’s approval of BlackRock’s Options for Spot Bitcoin ETF are shaking up the crypto landscape. Get updated on the crucial economic releases this week and how they might impact Bitcoin and Ethereum prices. Key Economic Events to Watch – September 23-28, 2024 Here is the detailed breakdown of this week’s important economic events (all times in UTC): September 23, Monday:⏰ 1:45 PM: US S&P Global Manufacturing and Services PMI data release. This index is crucial in providing early signals about economic growth and inflation trends. Analysts will closely monitor how the service and manufacturing sectors are performing amid current macroeconomic conditions. September 24, Tuesday:⏰ 2:00 PM: US CB Consumer Confidence Index. The index is a critical measure of consumer sentiment, reflecting how inflation, employment, and interest rate concerns are affecting consumer spending behavior. September 25, Wednesday:⏰ 2:00 PM: US New Home Sales Data.⏰ 2:30 PM: EIA Crude Oil Inventories. With oil prices remaining a key driver of inflationary pressure, this release will provide insight into supply-demand dynamics in energy markets and potential ripple effects on inflation. September 26, Thursday:⏰ 12:30 PM: US Weekly Jobless Claims. Labor market health remains a key concern as the Fed navigates inflation control without hurting employment.⏰ 1:20 PM: Powell’s speech. Fed Chair Jerome Powell is expected to provide vital updates on the state of the economy, inflation expectations, and monetary policy adjustments. Markets, including Bitcoin, may experience significant volatility based on his remarks. September 27, Friday:⏰ 12:30 PM: US Core PCE Price Index. This is a key inflation indicator…
Filed under: News - @ September 21, 2024 7:25 pm