Crypto market capitalization has hit a peak above $3.6 trillion over the weekend as altcoins outperformed their big brother Bitcoin.
This week’s economic data is primarily focused on employment and jobs, but there are also some manufacturing PMI reports in the mix.
This will be the last week of labor market data before the Dec. 18 Federal Reserve meeting, reported the Kobeissi Letter, which added, “It’s a huge week for the labor market.”
Economic Events Dec. 2 to 6
Stock and crypto markets were buoyed last week as investors found reassurance in Donald Trump’s pick for the Treasury secretary position, choosing seasoned hedge fund executive Scott Bessent.
However, the Fed’s preferred inflation measure, Core PCE, came in hot at 2.8%, causing some jitters about increasing inflation and a hawkish pivot from the US central bank.
A strong economy, as seen through last week’s GDP data, and persistently high inflation, has raised questions among investors as to whether to expect a
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