This week, the financial and crypto markets will closely monitor important economic data from the US, especially PCE inflation – the index that the Federal Reserve (Fed) prioritizes for assessing monetary policy.
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🗓️ Economic Event Calendar (US Time)
🔹 Monday, 24/03
• Preliminary index #PMI of S&P for the services & manufacturing sectors in the US.
🔹 Tuesday, 25/03
• S&P Case-Shiller Home Price Index (tracks real estate market trends).
🔹 Wednesday, 26/03
• President of the St. Louis Fed, Alberto Musalem, speaks.
🔹 Thursday, 27/03
• Initial jobless claims in the US (Forecast: 226,000 | Previous: 223,000).
• President of the Richmond Fed, Tom Barkin, speaks.
🔹 Friday, 28/03
• US PCE inflation data (Forecast: 2.5% | Previous: 2.5%).
• Core data #PCE (Forecast: 2.7% | Previous: 2.6%).
• Mexico's interest rate decision (expected decrease of 0.5%).
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📊 Impact on the Cryptocurrency Market
✅ PCE inflation – Key factor in Fed policy:
• If the PCE decreases, the Fed may loosen monetary policy, boosting capital flows into crypto and stocks.
• Conversely, if the PCE is higher than expected, the Fed may maintain high interest rates for longer, putting pressure on Bitcoin & Altcoin.
✅ Unemployment Index & PMI – US Economic Health:
• A weak labor market may lead the Fed to consider cutting interest rates sooner, supporting risk assets such as crypto.
• If the PMI and employment figures are good, the Fed may continue to maintain a tightening policy.
✅ Housing Price Index – Impact on Investment Confidence:
• If US housing prices continue to rise sharply, capital may be drawn into real estate instead of crypto.
✅ Mexico's interest rate decision – Impact on global capital flows:
• If Mexico cuts interest rates, other countries may follow suit, supporting the risk asset market.
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⚠️ Risk Warning
Although economic data can affect the crypto market, the cryptocurrency market is always highly volatile and influenced by various factors such as regulatory conditions, investor sentiment, and global liquidity.
📉 Investors should be cautious before significant fluctuations around the time of important data releases, especially PCE and Fed statements, as these could be major catalysts for Bitcoin and Altcoin prices.