US GDP, PCE Inflation, & Other Key Events To Watch This Week
The post US GDP, PCE Inflation, & Other Key Events To Watch This Week appeared on BitcoinEthereumNews.com.
The last week has taken the crypto market by storm, with one of the most anticipated U.S. Spot Ethereum ETFs receiving a regulatory nod from the SEC. Notably, Bitcoin along with most of the altcoins rallied last week amid the growing optimism. However, some volatility has been witnessed, mainly due to the investors taking a pause and seeking further clarity before making further bets. But the momentum seems to have taken a turn again on the weekend as the investors seem to be regaining confidence in the digital assets space. So, let’s take a look at the key developments, that could influence the crypto market performance this week. Crypto Market: Key Events To Watch This Week The crypto market traders are eagerly waiting for several events this week, including the Fed officials’ remarks, and key U.S. economic data. Here we explore the big events that could shape the future of the financial sector, let alone the crypto market. Federal Officials Speeches This week in the crypto market, all eyes are on a series of speeches by U.S. Federal Reserve officials, anticipated for insights into the central bank’s future policy rates. Scheduled speeches include Minneapolis Fed President Neel Kashkari, Fed Governor Lisa Cook, and San Francisco Fed President Mary Daly on May 28. Following that, New York Fed President John Williams and Atlanta Fed President Raphael Bostic will be speaking on May 29. Meanwhile, the market enthusiasts are keenly awaiting signals amid indications of cooling U.S. inflation. Besides, the cryptocurrency market will also keep close track of the speeches for potential impacts on asset prices amid evolving economic sentiments and policy considerations. Also Read: Ethereum ETF To Mirror Damage Caused By Sam Bankman-Fried & CZ- Better Markets Crypto Market Braces For Key Economic Releases Recent data, including the University of Michigan Consumer Sentiment and 5-year inflation expectations figures, have hinted at bullish trends. In addition, the recent U.S. CPI data also showed that the…
Filed under: News - @ May 27, 2024 1:10 am