The Kobeissi Letter said in a post on X that three events this week could affect Bitcoin and the broader crypto market. The first is a series of remarks from at least eight Federal Reserve officials, which traders will watch for clues on the future path of interest rates. The second is the preliminary September S&P Global manufacturing and services PMI data due Wednesday, a release seen as a read on how the U.S. economy is performing after rate hikes. The third is an expected meeting on Thursday between U.S. President Donald Trump and Chinese President Xi Jinping, with markets watching for developments on trade and related issues. Other data on the calendar this week include ADP employment change on Tuesday, new home sales on Thursday, and durable goods orders on Friday. The post also noted that the Federal Reserve raised rates by 25 basis points last week, its first hike in more than three years, a move that briefly triggered market volatility. The report was cited by CryptoPotato.
Techub News reported that The Kobeissi Letter said in a post on X that three key events this week could affect Bitcoin and the broader crypto market.
First, at least eight Federal Reserve officials are set to speak, and markets will look for clues on the future path of interest rates.
Second, the preliminary September S&P Global manufacturing and services PMI readings are due on Wednesday. The data is expected to show how the U.S. economy is performing after rate hikes.
Third, U.S. President Donald Trump is expected to meet Chinese President Xi Jinping on Thursday, with markets watching for progress on trade and other issues.
Other economic releases this week include ADP employment change on Tuesday, new home sales on Thursday, and durable goods orders on Friday.
The post also said the Federal Reserve raised rates by 25 basis points last week, its first increase in more than three years, a move that briefly caused market volatility.
The item cited CryptoPotato as the source.
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