FederalReserve

According to BlockBeats, Federal Reserve Chair Jerome Powell is scheduled to deliver the opening remarks at the Thomas Laubach Research Conference shortly. The event is set to begin in five minutes, where Powell will address attendees and share insights on current economic conditions and policy considerations.

According to BlockBeats, Federal Reserve Chair Jerome Powell stated that officials agree on the need to reconsider strategies related to underemployment and average inflation rates. He refrained from commenting on future prospects or monetary policy, noting that April's Personal Consumption Expenditures (PCE) might be around 2.2%. Powell highlighted that the zero lower bound remains a risk that should be addressed within the framework, although it is no longer a primary concern given the current policy rate levels. Some Federal Reserve practices, such as focusing on inflation expectations, are considered permanent. The Federal Reserve is conducting a two-day review of the framework adopted in 2020, which must be adaptable to various scenarios, including a world where supply shocks may become more frequent and persistent.
#FederalReserve

The US Consumer Price Index (CPI) is set to release today at 8:30 AM ET, with expectations of a 2.4% annual rate, consistent with last month's reading. Here's what you need to know:
- Release Details:
- Date: Today
- Time: 8:30 AM ET
- Forecast: 2.4% annual rate
- Market Impact:
- A significant uptick in inflation could add to market concerns around the trajectory of inflation moving forward.
- The Federal Reserve may consider this data when deciding on future monetary policy easing.
- Economic Context:
- Inflation continues to be a concern.
Market reactions will depend on the actual CPI print, with potential scenarios including:
- Beating Expectations: A higher-than-expected CPI reading could strengthen the US Dollar.
- Meeting Expectations: A CPI reading in line with expectations might lead to short-term volatility.
- Missing Expectations: A lower-than-expected CPI reading could weaken the US Dollar.
#USCPIWatch #Inflationdata
#EconomicNewsUpdate #MarketUpdate
#FederalReserve

The crypto market is expecting 5 key events like CPI data, PPI data, the SEC meeting, consumer sentiment data and the Fed Chair speech.
The crypto market experienced a wild ride last week, influenced by major political developments. This week, key macroeconomic events and regulatory updates are likely to shape the market’s direction.
Crypto Market to Witness 5 Major Events This Week
As pointed out by The Kobeissi Letter, the crypto market is poised to be shaped by major developments this week.
Last week, the crypto market saw a significant uptick with major tokens like Bitcoin and Ethereum hitting critical price points. One of the key catalysts for the uptrend was the much-hyped US-UK trade deal.
Interestingly, this week will take the spotlight, with market participants eagerly awaiting these key events like the CPI Inflation data, the SEC roundtable conference, the PPI Inflation data, the Fed Chair Powell speech, and the consumer sentiment data to gauge their impact on the crypto market’s trajectory.
April CPI Report
Notably, the April Consumer Price Index (CPI) report, excluding food and energy, is set to be released on May 13 (Tuesday). While this is a key inflation gauge, the report will significantly influence the crypto market.
If the report reveals lower-than-expected data, the Fed is likely to reduce interest rates, a positive indicator for the crypto market.
On the other hand, if the CPI report shows higher inflation, there’s a greater chance of an interest rate hike.
SEC’s Roundtable Conference
The US Securities and Exchange Commission (SEC) has scheduled its roundtable conference on May 13, with Chair Paul Atkins expected to deliver a keynote address on asset tokenization. Other influential participants include Richard B. Gabbert and Hester Peirce.
The major addenda of the meeting will be to explore the opportunities of the integration of traditional finance (TradFi) with decentralized finance (DeFi). This event has the potential to impact the crypto market.
April PPI Report
The Producer Price Index (PPI) report for April is scheduled for May 15, Thursday. This event will provide insights into input costs for producers and manufacturers, measuring the cost of producing consumer goods.
In addition to the CPI report, this key inflation indicator will also influence the Fed’s decisions on monetary policy, thus impacting the crypto market.
Fed Chair Speech
On May 15, Fed Chair Jerome Powell is expected to deliver a crucial speech, which is highly anticipated for clues on the central bank’s current stance on economic conditions and monetary policy.
His critical comments and tone, whether dovish or hawkish, could significantly impact the future trends of the crypto market.
It is noteworthy that the US Treasury Secretary Scott Bessent recently urged the Fed to reduce the rate.
Retail Sales Data and Consumer Sentiment Data
While the Retail Sales Data for April is expected on Thursday, the MI Consumer Sentiment Data is anticipated on Friday.
Higher-than-expected retail sales could signal a robust economy, potentially leading to increased interest rates to curb inflation and vice versa.
At the same time, a higher-than-expected consumer sentiment reading could indicate growing economic confidence, potentially driving stock prices up and crypto market prices down.

#CryptoComeback #FederalReserve #JeromePowell #SEC #USCPIWatch