Источник CryptoPotato.com, Sofia, Bulgaria
Заголовок Big Week Ahead for Crypto as Markets Tank Ahead of Fed Rate Decision
Дата 20240916

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============= Обработанный текст:
Big Week Ahead for Crypto as Markets Tank Ahead of Fed Rate Decision

Big Week Ahead for Crypto as Markets Tank Ahead of Fed Rate Decision

Author: Martin Young

Last Updated Sep 16, 2024 @ 07:19

A crucial week lies ahead on the United States• Соединённые Штаты Америки (США) economic calendar with all eyes
on the Federal Reserve’s rate decision meeting.

The US• Экономика » Финансы » Платежные средства » Доллар США central bank is widely expected to start cutting interest rates this
week. However, uncertainty remains over whether it will opt for a small or a
big reduction.

Interest rate decisions are also due in the United Kingdom , Brazil, Norway,
Turkey, and South Africa. The Japanese and Chinese central banks also take
center stage as announcements are expected alongside decisions in Taiwan and
Indonesia.

Meanwhile, crypto markets have already started to retreat heavily on Monday
morning, wiping out weekend gains.

Economic Events Sept. 16 to 20

Tuesday will see August’s Retail Sales report, which provides data on the
amount of money consumers are spending on various durable and non-durable
goods.

This offers an insight into consumer spending and provides a leading indicator
for the current quarter’s economic growth in addition to inflationary factors.

The August Industrial Production report is also due on Tuesday. This
information reveals the volume of production of US• Экономика » Финансы » Платежные средства » Доллар США industries such as
manufacturing, mining, and utilities. Although it is a much smaller slice of
economic activity than services, it can still be a leading performance
indicator
.

The highly anticipated Federal Reserve interest rate decision and press
conference is on Wednesday, Sept. 18.

The CME Fed Watch tool currently has 41% odds on a 25 basis point rate cut and
a 59% chance of a larger 50 basis point cut, which could drop rates to around
5% from the current 5.5%.

Key Events This Week:

1. August Retail Sales data Tuesday

2. August Building Permits data Wednesday

3. Fed Interest Rate Decision Wednesday

4. Fed Press Conference Wednesday

5. Philly Fed Manufacturing Index Thursday

6. August Existing Home Sales data Thursday

— The Kobeissi Letter (@KobeissiLetter) September 15, 2024

Head of financial markets strategy at Westpac• Объект бренды » Бренды на w » Westpac Banking Corp. in Australia• Австралия,
Martin Whetton, told Bloomberg, “At the very least, a dovish cut should be
expected given the run of data and the starting point for policy, and this
should justify market forward pricing.”

Markets in Asia opened cautiously on Monday morning ahead of this week’s swath
of data and central bank decisions that could set the direction of markets for
the rest of the year and into early 2025.

Crypto Market Outlook

Crypto markets were dumping again on Monday morning, with total capitalization
declining 4.3% to $2.12 trillion, wiping out all of the weekend gains.

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin was hit 3%, falling from above $60,000 on Sunday to below $58,500 on
Monday morning. It is likely to continue, returning to support at the $58,000
level.

Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum was hammered even harder, with a 6% crash to $2,275 at the time of
writing, its lowest level for over a week.

The altcoins were playing their usual lemming tactics, following suit and
dumping even harder with a sea of red enveloping the crypto top twenty.

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Tags: Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Price Federal Reserve

============= Итог: 5,4441 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum#Bitcoin 5,4441 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin#Ethereum 5,3766 ; Экономика#Финансы#Платежные средства#Доллар США #Соединённые Штаты Америки (США) 2,2000 ; Австралия 2,2000 ; Соединённые Штаты Америки (США)#Доллар США 2,2000 ; Соединённые Штаты Америки (США)#Великобритания

============= Объекты:

============= Географические объекты: 1 -25.000000000,135.000000000 Австралия 2 40.000000000,-100.000000000 Соединённые Штаты Америки (США)

============= Связи: Bitcoin # ассоциации 2014-*** # Ethereum Австралия # объект-география # Westpac Великобритания # ассоциации-4 # Соединённые Штаты Америки (США) Соединённые Штаты Америки (США) # ассоциации # Доллар США


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