Crypto markets have shown signs of recovery over the weekend but a busy week ahead on the economic calendar in the United States may refuel momentum for the bears.
The Federal Reserve’s key inflation metric, which could impact monetary policy going forward, will be in the spotlight.
Macroeconomics outlet the Kobeissi Letter highlighted the key events for the coming week.
Key Events This Week:
1. March New Home Sales data – Tuesday
2. Durable Goods Orders data – Wednesday
3. US Q1 2024 GDP data – Thursday
4. March Pending Home Sales data – Thursday
5. March PCE Inflation data – Friday
6. ~20% of S&P 500 companies report earnings this week…
— The Kobeissi Letter (@KobeissiLetter) April 21, 2024
Inflation Data Eyed
Tuesday will see the release of new home sales figures, which offer a wider perspective on the overall economy and confidence but have no relation to crypto markets.
April’s S&P Global Manufacturing PMI and S&P Global Services PMI preliminary read
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