Key #Macro Events to Watch This Week:

1.) May #CPI Inflation data (Wednesday)

Higher-than-expected inflation data could shock market participants, further reducing the odds of a Federal Reserve rate reduction over the summer.

2.) #Fed Interest Rate Decision (Wednesday)

There is a 97% chance probability the Federal funds rate will remain unchanged, according to the CME FedWatch Tool.

3.). Fed Press Conference (Wednesday)

Federal Reserve Chair Jerome Powell will provide further guidance on the Fed's monetary policy outlook following the interest rate decision. The press conference will likely affect markets more than the decision itself, as rates are expected to remain unchanged.

4.) May #PPI Inflation data (Thursday)

Higher-than-expected PPI data can signal rising inflationary pressures, potentially impacting market sentiment negatively and further reducing the odds of a rate cut over the summer.

This week's slate of #macroeconomic data could inject significant #volatility into the #Bitcoin and #Crypto markets over the next 7 days or so

Stay #Safu, friends 🫡