This biz week prob won’t shake crypto like the last one or the one coming up next but it still drops some key US econ releases that could push markets either way 💀. Services activity the latest fed minutes which r the most hyped news rn jobless claims and consumer sentiment will all give fresh hints on growth plus the interest rate path by the end of this super eventful month.
FOMC Minutes Meet Services PMI Vibes 🖤
The first real drop hits today when the institute for supply management drops its september services pmi. The sector makes up the biggest chunk of the us economy so this report can totally shift what ppl expect for growth and inflation. A surprise strong number might bring back worries the economy stays too hot for higher rates esp if prices inside the survey stay high. In contrast a weaker read could push harder for the fed to pause hikes after last week’s cooler pce data and jobs report.
Jobless Claims And Sentiment Checks 👀
Wednesday brings those fomc minutes from the september 15 16 meeting where the fed hiked rates for the first time in three years. The notes should spill more on how split officials were on the call and how worried they stay about inflation the labor market plus another possible boost later this year ✨. Markets will watch close including btc investors since fed move bets sway treasury yields the dollar and overall risk appetite. On thursday markets grab the latest weekly unemployment claims data with the initial figure at 197000 in the last report while the four week moving average fell to 200000. Another low read would point to the labor market staying tough despite weak september payroll growth. The final big event lands friday with the university of michigans early october consumer sentiment survey. Neither will likely move crypto much since the takes aren’t super clear. Still theres the dark horse after the new moves on the middle east front from friday and the weekend markets anticipate more shifts from the us and iran esp as both nations are reportedly bracing for fresh attacks 🌑.
Just another echo from the void by iconofsin.eth 💖
