#NewsTrade Tomorrow’s economic calendar is packed with high-impact events across major markets—from Japanese M2 money supply data and Australia’s consumer sentiment readings early in the session, to Eurozone ECOFIN meetings and German ZEW surveys in the afternoon. In the United States, market attention will zero in on the NFIB Small Business Index at 3:00 pm, followed by the all-important May CPI releases (Core CPI m/m, CPI m/m, CPI y/y) at 5:30 pm. Capping the day, Federal Reserve Chair Jerome Powell is scheduled to deliver remarks—comments that could prove pivotal not only for equities and FX, but for cryptocurrencies as well.

Why Jerome Powell’s Comments Matter for Crypto

Powell’s speeches are closely parsed for clues about future monetary policy. If he signals a more dovish stance—perhaps hinting at rate cuts or an easing of balance-sheet runoff—risk-sensitive assets like Bitcoin and Ethereum often rally, buoyed by the expectation of cheaper borrowing costs and looser liquidity. Conversely, a hawkish tone emphasizing further rate hikes or a prolonged fight against inflation can trigger sell-offs in crypto, as investors rotate into safer, yield-bearing instruments.