Crypto markets have held steady over the weekend, aside from another minor manipulated leverage blip late on Sunday, which is becoming a bit repetitive now.
Volatility may increase, but a quarter-point rate cut at this week’s main event, the Federal Open Market Committee’s monetary-policy meeting on Tuesday and Wednesday, has largely been priced in.
It is not a heavy week for economic data, but there are a few things to keep an eye on.
Economic Events Dec. 8 to 12
Tuesday will see the release of the September and October job openings reports, while Thursday will see initial jobless claims. These paint a clear picture of the US labor market, which is one of the Fed’s mandates for monetary policy decisions.
The US central bank announces its monetary policy decision on Wednesday and is widely expected to cut rates by a quarter of a percentage point to 3.5% – 3.75%. According to the CME Fed Watch Tool, there is currently an 88.4% probability of this.
The Fed will also release its q
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