Next week, several important events will take place, from significant token unlocks to important economic data and the Federal Reserve's interest rate decision. Here’s what you need to keep in mind:
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🔒 Token unlocks
- June 16 – Unlocking of $ARB
Arbitrum (ARB) will unlock 92.65 million tokens, valued at approximately 32 million dollars, representing 1.91% of its circulating supply.
- June 18 – Unlocking of FTN
Fasttoken (FTN) will unlock 20 million tokens, with an approximate value of 88 million dollars, representing 4.65% of its circulating supply.
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📊 Economic data and U.S. interest rate decision
June 17 — Retail sales
June 18: Meeting of #FOMC and Federal Reserve interest rate decision
Given that this week's inflation data was cooler than expected, market attention now turns to two main catalysts: the retail sales report and the Federal Reserve's interest rate decision, followed by the very important FOMC press conference.
First of all, the retail sales report provides an overview of consumer spending and the overall health of the U.S. economy. Sales exceeding expectations could suggest that inflationary pressures are still latent and that the economy remains resilient, a combination that markets might interpret as bearish. On the other hand, weaker retail figures could indicate a slowdown in demand, supporting monetary easing and likely boosting market confidence.
Next, the Fed's decision on interest rates and the FOMC press conference will be announced. While it is widely expected that the Fed will keep rates steady, according to CME's FedWatch tool, markets will be watching every word from Chair Jerome Powell, seeking clues about the future direction of monetary policy. Any indication of a shift towards a more moderate stance could create turbulence in the markets, while a reaffirmation of a cautious stance could temper hopes for a rate cut.
