Crypto markets were retreating heavily during early Monday morning trading in Asia, how low they go may be influenced by this week’s economic events.
There are eleven Federal Reserve speaker events this week and a raft of economic data that could set the scene for the final quarter as Q3 comes to a close.
Economic Events Sept. 30 to Oct. 4
Fed chair Jerome Powell will discuss the US economic outlook at a National Association for Business Economics conference on Monday, Sept 30. The prospects for another large rate cut in November may also be a little clearer this week when employment data is released.
September’s ISM Manufacturing PMI report is due on Tuesday. The data shows business conditions in the US manufacturing sector, providing a significant indicator of the overall economic conditions. PMIs are leading indicators for assessing the state of the economy and helping to anticipate changing economic trends.
Two employment data reports are due on Tuesday and Wednesday, and initi
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