Crypto markets rebounded over the weekend following the Fed’s rate decision on March 20, but this week also has a lot of key economic data.
The week will be shorter, with TradFi markets closed for a holiday on March 29 for Good Friday. However, investors are awaiting Fed Chair Jerome Powell’s speech to get more clues on the central bank’s policy outlook.
Key Events This Week:
1. New Home Sales data – Monday
2. CB Consumer Confidence data – Tuesday
3. US Q4 2023 GDP data – Thursday
4. February PCE Inflation data – Friday
5. Fed Chair Powell Speaks – Friday
6. Total of 5 Fed Speaker Events
Another busy week with stock at…
— The Kobeissi Letter (@KobeissiLetter) March 24, 2024
Economic Calendar
The first main report that could impact markets is the fourth quarter 2023 US GDP data due to be released on Thursday, March 28. This third and final reading is expected to confirm that economic growth was an annualized 3.2%.
Consumer Sentiment Index and Consumer Inflation Expe
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