Five macro releases due this week could shape moves in both equities and crypto, according to Techub News, which cited BeInCrypto. The list includes the Bank of Japan meeting minutes, U.S. PCE inflation, GDP, the ISM manufacturing index, and the nonfarm payrolls report. Markets are watching the set of data points to judge whether the Federal Reserve may raise rates again in October. Interest-rate futures currently show traders pricing the probability of a Fed rate hike on Oct. 28 at about 64%. Higher rates could pull capital away from risk assets such as tech stocks and Bitcoin and into savings products and bonds. The report frames the week as one in which macro signals, rather than crypto-specific developments, may be the main driver of near-term market direction.
Five key data releases are due this week and could affect both stock and cryptocurrency markets, according to Techub News, citing BeInCrypto.
The releases are the Bank of Japan meeting minutes, U.S. Personal Consumption Expenditures (PCE) inflation, GDP, the Institute for Supply Management (ISM) manufacturing index, and the nonfarm payrolls report. Markets will use those readings to assess whether the Federal Reserve could raise rates again in October.
Interest-rate futures show traders are currently pricing the probability of a Fed rate hike on Oct. 28 at about 64%. Higher rates could draw capital away from risk assets such as technology stocks and Bitcoin and into savings products and bonds.
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