🔥IMPORTANT🔥
🎯The economic data for next week is extremely important and will impact #Bitcoin and stocks.
What data do we have and how could the financial markets react⁉️
👉On Tuesday we have:
🔹Consumer confidence at 11:00 ARG.
-An increase from 86 to 87.1 is expected. A higher than expected figure would be positive for the financial markets.
👉On Wednesday we have:
🔹FOMC meeting minutes at 15:00.
-It will outline the Fed's intentions and its opinion regarding the economy.
👉On Thursday we have:
🔹GDP data at 09:30 ARG.
-It is expected to remain at -0.3%. It is crucial for this data to grow to avoid recession, which would be confirmed with a negative GDP by the end of this quarter.
🔹Unemployment claims at 09:30 ARG.
-An increase from 227K to 229K is expected. Considering that a recession has never been seen with a strong labor market, it is vital that the claims are few.
👉On Friday we have:
🔹PCE inflation at 09:30 ARG.
-The previous monthly PCE was 0% and the annual figure was 2.6%.
-It is expected that the monthly PCE increases from 0 to 0.1%.
-It is important for PCE inflation to continue showing a downward trend for the Fed to cut interest rates.
