Crypto markets held on to gains over the weekend, and Bitcoin has remained in command, dominating the sector while the rest continue to sleep.
Last week’s CPI data were in line with expectations, while producer-prices inflation was above estimates. However, markets retreated after Fed Chair Jerome Powell commented that policymakers are now on a more gradual path of monetary easing.
“The economy is not sending any signals that we need to be in a hurry to lower rates,” he said, adding to concerns that the central bank may not be cutting rates as much as previously expected.
Economic Events Nov. 18 to 22
This week, manufacturing data and consumer sentiment reports will be released, in addition to one big earnings report from semiconductor giant Nvidia.
Thursday, November’s S&P Global Manufacturing PMI and Services PMI preliminary reports will provide leading economic indicators to gain timely insights into changing economic conditions and potential inflationary pressures.
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