The post Crypto Under Pressure? 6 Economic Data to Watch Next Week appeared first on Coinpedia Fintech News
Next week, the markets will be buzzing with key economic reports—each one capable of significant disruption!
From inflation numbers to oil market trends and labor data, these updates can change the direction of the crypto markets. With so much on the line, it’s essential to understand how these events could influence the markets.
Read on to uncover the economic data to watch and why it matters for crypto.
Overview of Next Week’s Key Economic Events
Inflation Data
The Consumer Inflation Expectations for November will be released by the New York Federal Reserve on December 9, 2024. In October, this figure dropped to 2.9%, the lowest level since October 2020, after staying at 3% for over four months. For November, Trading Economics forecasts a slight increase back to 3.0%.
On December 11, the Consumer Price Index (CPI) for November will be released. October’s
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