Crypto markets have remained tightly range-bound over the weekend, with volatility declining, but that may be about to change.
Retail sales and manufacturing reports are released this week. These are often used as indicators of economic conditions and potential changes in inflationary trends.
“We now have the Fed, election, geopolitical tensions, and earnings in the spotlight,” commented the Kobeissi Letter.
Economic Events Oct. 14 to 18
Last week’s slightly hotter-than-expected CPI came along with a rise in jobless claims, which added to investor confusion about the direction of the US economy.
Additionally, the FOMC minutes revealed that most of the rate committee members supported the 0.5% rate reduction, and markets are now pricing in a 0.25% interest rate cut in November.
Thursday will see the release of September’s Retail Sales report, which provides information on the amount of money consumers are spending. It is also a leading indicator of the economy’s health and i
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