The post FOMC Meeting and Key Events This Week appeared on BitcoinEthereumNews.com.

As you all know, every economic or crypto event can influence the crypto market. Important it is to stay up-to-date about on what to expect next in the market. Here is the list of major economic and crypto events to watch this week.  Key Economic Events This Week  Primarily, the Federal Reserve is expected to announce its 0.25 basis point rate cut on Wednesday, December 18.  Importantly, the US GDP Growth Rate QoQ Final index will be released on Thursday. In the first quarter, the index stood at 1.6%, surged to 3% in the second quarter, and slightly slipped to 2.8% in the previous quarter. The index is expected to remain unchanged this time.    The S&P Global US Services PMI index, which tracks variables such as prices, sales, inventories and employment, will be released today. It rose from 55 to 56.1 in November.  The US Retail Sales index, which evaluates the aggregate sales of retail goods and services during a specific period, will be released on Tuesday.  The US Retail Sales YoY climbed to 2.8% from 2% in October, while the US Retail Sales MoM dropped to 0.4% from 0.8% in October. The US States Existing Home Sales index will be released on Thursday. Existing Home Sales happen when the mortgages are closed. In the US, Mortgage closing usually occurs 30 to 60 days after the sales contract is closed. In September, it was at a 14-year low of 3.83 million. In October, it returned to 3.96 million. On Friday, at least three important indexes are scheduled for release: the US Core PCE Price Index, US Personal Income, and the US Personal Spending index. In October, the US Core PCE Price MoM index remained unchanged at 0.3%. The US Personal Income MoM index rose from 0.3% to 0.6% in October,…

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Filed under: News - @ December 16, 2024 7:14 am