Crypto markets have held on to last week’s gains over the weekend following a boost from the Federal Reserve’s 0.5% interest rate cut.
This week has a number of reports on consumer sentiment, gross domestic product, and more inflation data.
“Expect more volatility and larger swings as markets shift attention to the next Fed meeting,” commented the Kobeissi Letter on Sept. 22.
Economic Events Sept. 23 to 27
Monday will see the release of the S&P Global Services PMI (purchasing managers index) report which captures business conditions in the services sector that contributes significantly to total GDP. This is followed by consumer confidence reports on Tuesday, also reflecting conditions and sentiment in the overall economy.
The regularly scheduled weekly jobs data will be available on Thursday, along with durable goods orders, a gross domestic product (GDP) revision, and pending home sales.
Friday sees the personal consumption expenditures (PCE) price index report, which is
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