Following Donald Trump’s election victory, the crypto market has seen a great deal of activity. The increasing interest of institutional investors in particular has been one of the main factors supporting the upward trend in the market. This week, important macroeconomic developments such as US PCE inflation, FOMC minutes, and third-quarter GDP data are at the forefront. Investors are following the impact of these events on asset prices with great curiosity.
Investors will focus on US economic data and the minutes of the FOMC policy meeting to be released on November 27. The Federal Reserve is expected to give signals on interest rate policy, and the possibility of a rate cut in December has become one of the most discussed topics in the market. The FOMC minutes may provide clues about the Federal Reserve’s deviation from its 2% inflation target. In addition, the efforts of the Ministry of Government Productivity, led by Elon Musk, to reduce federal spending are among the developments to be watched closely. These minutes will shape investors’ expectations regarding interest rate policies.
The second estimates of the US third-quarter GDP growth rate are of great importance to the market. According to the first estimates, the growth rate had fallen from 3% to 2.8%. This data, to be released on Wednesday, will provide a clearer picture of the health of the US economy. On the inflation front, the PCE inflation report, to be released on Wednesday, will attract attention. Monthly inflation is expected to rise by 0.2% and the annual rate to 2.3%. This could increase pressure on the Federal Reserve's interest rate policy. Core PCE inflation is expected to rise to 2.8% and the monthly change to remain at 0.3%.
Macroeconomic data has the potential to affect traditional financial markets as well as crypto markets. Uncertainty in the Federal Reserve’s interest rate policies can directly affect investor sentiment and market direction. As the crypto market continues to rise, the impact of this data on Bitcoin and other digital assets is a matter of great curiosity. The expectation that the Trump administration will take a crypto-friendly approach is increasing optimism in the markets. However, it is important for investors to be cautious and monitor macroeconomic dynamics carefully. The data to be released this week could be the beginning of a new era in both crypto and traditional financial markets. Now, all eyes are on how investors will react to these developments.