U.S. Economic Data and Fed Rate Decisions Impacting Crypto Markets
- U.S. S&P/Case-Shiller Home Price YoY for March is estimated at 1.1%, up from 0.9%.
- U.S. PCE Price Index YoY for April is expected to remain at 3.5%.
- Initial Jobless Claims for the week ending May 23 are forecasted at 212K, slightly higher than the previous 209K.
- Kevin Warsh starts his first week as Federal Reserve Chair from May 26.
- Ongoing Middle East conflict continues to elevate oil prices, affecting inflation risks.
The upcoming U.S. economic data will provide critical insights into whether the Federal Reserve can maintain current interest rates or consider cuts amid rising inflation risks linked to energy costs.
With key indicators like the U.S. PCE Price Index and jobless claims being closely monitored, market participants are preparing for potential impacts on risk assets including cryptocurrencies.(Source)
