Crypto markets maintained last week’s gains over the weekend and began moving higher again on Monday morning in Asia.
The momentum may continue if US inflation reports are positive this week. Meanwhile, late last week, President Trump announced 30% tariffs on the European Union and Mexico, but there was little reaction from crypto markets.
US stock futures were jittery and fell marginally in the market’s initial reaction to the latest round of tariff letters from the White House.
Meanwhile, the second quarter earnings season is set to begin, and the July Federal Reserve meeting is two weeks away.
Economic Events July 14 to 18
Tuesday will see the release of the June Consumer Price Index (CPI) report, which is one of two key measures of inflation for policymakers, businesses, and consumers. This data reflects price trends, shapes consumer spending and sentiment, and directly influences the Fed’s rate decisions.
June’s CPI is expected to rise 0.23% to 0.25%, with inflationary pre
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