⚡ Cryptocurrencies face upcoming major economic events
September 4 today: Initial jobless claims
Early indicators of labor market health.
September 5 Friday: Non-farm payrolls and unemployment rate
The most important data release for this month.
Weak jobs and rising unemployment → Higher risk assets.
Strong jobs report → The Federal Reserve may delay interest rate cuts.
September 11 Thursday: Consumer Price Index and Core Consumer Price Index
Inflation update.
Consumer Price Index below 2.5% → Strong justification for the Federal Reserve to cut interest rates.
September 17 Wednesday: Federal Open Market Committee decision on interest rates and Powell's speech
The Federal Reserve is expected to cut interest rates by 25 basis points.
Dovish Powell → Indicates further cuts, boosting cryptocurrencies and stocks.
Cautious Powell → Markets are likely to remain volatile and range-bound.
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