The recent movements in the #Crypto market have been largely influenced by U.S. economic data. The uncertainty about future American monetary policy has been a major factor affecting investors' willingness to take risks. This week some pivotal economic reports will be released, likely to shape market sentiment in the short term.
Here are some important events this week:
Thursday, June 27, 12:30 UTC - Gross Domestic Product (GDP)
The GDP shows the total value of all goods, services, and structures produced in the U.S. It is a key indicator of economic strength, reflecting growth or slowdown. The forecast for GDP is 1.3%, the same as the previous data.
Friday, June 28, 12:30 UTC - Core Personal Consumption Expenditures (PCE)
The core PCE data, released by the US Bureau of Economic Analysis, measures the average monthly spending by consumers, excluding volatile items like energy and food. This data is available both month-over-month and year-over-year. The year-over-year forecast is 2.6%, the same as the previous data.
