The U.S. economic calendar remains challenging this week, which could lead to increased market volatility.
The #cryptocurrency markets held firm after the U. S. Federal Reserve cut interest rates by 0.5% last week. A number of reports on consumer confidence, gross domestic product (GDP) and inflation data will be released this week.
Expect increased volatility and significant swings as the market focuses on the upcoming Fed meeting, Kobeissi Letter commented on September 22.
On Monday, the S&P Global Services PMI (Purchasing Managers' Index) will be released. This will be followed by the Consumer Confidence Index on Tuesday, which will also reflect broader economic conditions and sentiment.
On Thursday, in addition to the usual weekly employment data, there will be Durable Goods Orders, Revised Gross Domestic Product (GDP) and Pending Home Sales.
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