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Trump Plans to Replace Fed Chair Jerome Powell if Elected in 2024
Trump Plans to Replace Powell if Elected: Fed Independence at Risk?
In a recent statement that's caught the financial world's attention, former President Donald Trump announced his plan to replace Federal Reserve Chair Jerome Powell if he wins the 2024 elections. This has sparked discussions about the Federal Reserve's independence and what it could mean for U.S. money decisions.
Jerome Powell has been leading the Federal Reserve since 2018 and has received both praise and criticism for how he's managed money matters, especially during the tough times of COVID-19. To stabilize the economy during the pandemic's worst moments, Powell and his team at the Federal Reserve cut interest rates and bought a lot of bonds.
Former President Trump and Powell haven't always seen eye to eye. Trump picked Powell for the job at first, but later on, he wasn't happy with some of Powell's choices, particularly when it came to raising interest rates. Trump's recent announcement seems to be a continuation of their long-standing disagreements.
The #Federal Reserve's independence has always been a big deal because it makes sure money choices are based on the economy, not politics. Critics worry that Trump's announcement might mess with this independence, potentially leading to choices that help in the short term for politics but could hurt the economy in the long run.
People who support the former President, though, think that changing who's in charge at the Federal Reserve could bring in new ideas and plans to tackle the country's money challenges.
With the 2024 elections getting closer, this latest news adds even more talk to the political discussions. It might have effects on the U.S. economy and its money institutions. Investors, people who make decisions in politics, and everyone else will be watching to see what happens next and how it could change how the U.S. deals with money
In a recent statement that's caught the financial world's attention, former President Donald Trump announced his plan to replace Federal Reserve Chair Jerome Powell if he wins the 2024 elections. This has sparked discussions about the Federal Reserve's independence and what it could mean for U.S. money decisions.
Jerome Powell has been leading the Federal Reserve since 2018 and has received both praise and criticism for how he's managed money matters, especially during the tough times of COVID-19. To stabilize the economy during the pandemic's worst moments, Powell and his team at the Federal Reserve cut interest rates and bought a lot of bonds.
Former President Trump and Powell haven't always seen eye to eye. Trump picked Powell for the job at first, but later on, he wasn't happy with some of Powell's choices, particularly when it came to raising interest rates. Trump's recent announcement seems to be a continuation of their long-standing disagreements.
The #Federal Reserve's independence has always been a big deal because it makes sure money choices are based on the economy, not politics. Critics worry that Trump's announcement might mess with this independence, potentially leading to choices that help in the short term for politics but could hurt the economy in the long run.
People who support the former President, though, think that changing who's in charge at the Federal Reserve could bring in new ideas and plans to tackle the country's money challenges.
With the 2024 elections getting closer, this latest news adds even more talk to the political discussions. It might have effects on the U.S. economy and its money institutions. Investors, people who make decisions in politics, and everyone else will be watching to see what happens next and how it could change how the U.S. deals with money
Tech stocks are leading the rise, and Yellen's statement is boosting market optimism🤗
US rates dropped by ~5bp across the curve today while equities enjoyed another rally led by tech and growth names, versus rotations out of real estate and utilities. Secretary Yellen added to the risk-positive mood as she stated that while "slow growth in China can have some negative spillovers for the United States", but the US's labour market continues to be strong and she expects that the Fed is on a "good path" to bring down inflation without a major weakening in the labor market, and that the US would be able to avoid a recession.
#US #rates #technology #China #Federal
US rates dropped by ~5bp across the curve today while equities enjoyed another rally led by tech and growth names, versus rotations out of real estate and utilities. Secretary Yellen added to the risk-positive mood as she stated that while "slow growth in China can have some negative spillovers for the United States", but the US's labour market continues to be strong and she expects that the Fed is on a "good path" to bring down inflation without a major weakening in the labor market, and that the US would be able to avoid a recession.
#US #rates #technology #China #Federal
CME FedWatch: Probability Of 25bp Rate Hike By Fed Tomorrow At 80.5%
Traders are predicting that the Federal Reserve System (Fed) is more likely to raise the base rate by 25 basis points at its March monetary policy meeting rather than freeze it.
This news comes after concerns over small and medium-sized banks in the US spread, leading to the possibility of a rate freeze. However, recent developments such as the expansion of liquidity supply by major central banks like the Fed, support by major US banks for First Republic Bank, and the US Treasury’s policy to provide additional support to banks if necessary have alleviated market concerns.
According to the CME FedWatch Program, the probability that the Fed will freeze the base rate, which currently stands between 450bp and 475bp, at the FOMC meeting on the 21st and 22nd is 19.5%. This is a decrease from 26.2% the previous day and 30.6% a week ago. Conversely, the probability that the Fed will raise the base rate by 25 basis points from 475 basis points to 500 basis points is 80.5%, up about 10% points from 73.8% the day before.
Some strategists suggest that the Fed’s interest rate freeze could pose even greater risks, citing instability in the financial system. As such, a small rate hike may be the best option for stabilizing the market. However, it remains to be seen what action the Fed will take at its upcoming meeting.
The possibility of a rate hike indicates that the Fed is optimistic about the US economy’s prospects, especially given the country’s continued recovery from the COVID-19 pandemic. The decision will have significant implications for both domestic and international markets, and investors will be keeping a close eye on any developments.
#Fed #FederalReserve #Federal #BTC #azcoinnews
This article was republished from azcoinnews.com
This news comes after concerns over small and medium-sized banks in the US spread, leading to the possibility of a rate freeze. However, recent developments such as the expansion of liquidity supply by major central banks like the Fed, support by major US banks for First Republic Bank, and the US Treasury’s policy to provide additional support to banks if necessary have alleviated market concerns.
According to the CME FedWatch Program, the probability that the Fed will freeze the base rate, which currently stands between 450bp and 475bp, at the FOMC meeting on the 21st and 22nd is 19.5%. This is a decrease from 26.2% the previous day and 30.6% a week ago. Conversely, the probability that the Fed will raise the base rate by 25 basis points from 475 basis points to 500 basis points is 80.5%, up about 10% points from 73.8% the day before.
Some strategists suggest that the Fed’s interest rate freeze could pose even greater risks, citing instability in the financial system. As such, a small rate hike may be the best option for stabilizing the market. However, it remains to be seen what action the Fed will take at its upcoming meeting.
The possibility of a rate hike indicates that the Fed is optimistic about the US economy’s prospects, especially given the country’s continued recovery from the COVID-19 pandemic. The decision will have significant implications for both domestic and international markets, and investors will be keeping a close eye on any developments.
#Fed #FederalReserve #Federal #BTC #azcoinnews
This article was republished from azcoinnews.com
Financial situation relaxes, hedge funds bullish on stock market but bearish on the US dollar💁
The recent drop of peak terminal rates from 5.44% to 5.37% despite a sticky labour market all speak to the market's confidence that the Fed is truly able to thread the needle and pull off a remarkable perfect soft-landing. Outside of buying stocks, the 'obvious' trade for hedge funds against this backdrop is a new short against the US$, as the combination of stronger growth, risk-on appetite are expected to exert continued downward pressure on the dollar. As a counterbalance, the majority of the QT withdrawals are expected to happen over the 2H of this year, with the liquidity impact yet to be determined and most probably under-appreciated at this time.
#funds #dollar #stocks #Federal #liquidity
The recent drop of peak terminal rates from 5.44% to 5.37% despite a sticky labour market all speak to the market's confidence that the Fed is truly able to thread the needle and pull off a remarkable perfect soft-landing. Outside of buying stocks, the 'obvious' trade for hedge funds against this backdrop is a new short against the US$, as the combination of stronger growth, risk-on appetite are expected to exert continued downward pressure on the dollar. As a counterbalance, the majority of the QT withdrawals are expected to happen over the 2H of this year, with the liquidity impact yet to be determined and most probably under-appreciated at this time.
#funds #dollar #stocks #Federal #liquidity
Fed Chairman Powell’s Dilemma: To Cut Or Not To Cut Interest Rates?
The financial market is experiencing one of its biggest crises since 2008, with five banks collapsing in just two weeks. Fed Chairman Jerome Powell, whose responsibility is to catch prices, stabilize employment, and maintain financial stability, is now one of the busiest people in the world.
Chairman Powell has two options to address the crisis. Some on Wall Street are calling for interest rate freezes or cuts, but such moves could create further anxiety in the market. Instead, a 25 basis point increase seems to be the best option.
However, Chairman Powell will face tough questions from reporters at the press conference, who will undoubtedly ask about the banking crisis. How he responds will be closely watched by the market.
If he takes a “pigeonish” approach and reassures the market that the Fed will solve the problem, the market is likely to rally in relief. But if he takes a more hawkish stance, the market may tilt its head and become uncertain about the long-term effects of money printing.
Whatever Chairman Powell decides on March 22 at 2 pm (ET), there will be huge money movements in the market. Bitcoin, which was created as a currency that could not be swayed by anyone’s words, may be particularly affected.
Governor Lee Chang-yong of the Bank of Korea has already expressed his concerns about virtual assets, stating that they are causing him trouble. The collapse of the five banks is a reminder that financial stability is a fragile thing, and the decisions made by central bankers can have far-reaching consequences.
#Fed #FederalReserve #Federal #azcoinnews #crypto2023
This article was republished from azcoinnews.com
Chairman Powell has two options to address the crisis. Some on Wall Street are calling for interest rate freezes or cuts, but such moves could create further anxiety in the market. Instead, a 25 basis point increase seems to be the best option.
However, Chairman Powell will face tough questions from reporters at the press conference, who will undoubtedly ask about the banking crisis. How he responds will be closely watched by the market.
If he takes a “pigeonish” approach and reassures the market that the Fed will solve the problem, the market is likely to rally in relief. But if he takes a more hawkish stance, the market may tilt its head and become uncertain about the long-term effects of money printing.
Whatever Chairman Powell decides on March 22 at 2 pm (ET), there will be huge money movements in the market. Bitcoin, which was created as a currency that could not be swayed by anyone’s words, may be particularly affected.
Governor Lee Chang-yong of the Bank of Korea has already expressed his concerns about virtual assets, stating that they are causing him trouble. The collapse of the five banks is a reminder that financial stability is a fragile thing, and the decisions made by central bankers can have far-reaching consequences.
#Fed #FederalReserve #Federal #azcoinnews #crypto2023
This article was republished from azcoinnews.com
‼️ Key Events This Week:
1. New #HomeSales data - Tuesday
2. #Federal Bank Stress Test - Wednesday
3. #FederalReserve Chair Powell speaks - Wednesday/Thursday
4. Q1 #GDP Data - Thursday
5. #PCE #Inflation data - Friday
6. Total of 4 Fed speaker events
Huge week with a “Fed pivot” in question.
Markets currently see up to 2 more 25 bps rate hikes this year.
There’s a 75% chance of a rate hike in July.
Trading conditions are great.
✅✅✅
Follow @cryptovarta
1. New #HomeSales data - Tuesday
2. #Federal Bank Stress Test - Wednesday
3. #FederalReserve Chair Powell speaks - Wednesday/Thursday
4. Q1 #GDP Data - Thursday
5. #PCE #Inflation data - Friday
6. Total of 4 Fed speaker events
Huge week with a “Fed pivot” in question.
Markets currently see up to 2 more 25 bps rate hikes this year.
There’s a 75% chance of a rate hike in July.
Trading conditions are great.
✅✅✅
Follow @cryptovarta
‼️ Upcoming key #events for the markets:
28.06.2023, 13:30 UTC — #Federal Chair Powell Speech
29.06.2023, 06:30 UTC — Fed Chair #Powell Speech
29.06.2023, 12:30 UTC — #GDP (Q1)
Get ready for high #volatility 📉📈
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28.06.2023, 13:30 UTC — #Federal Chair Powell Speech
29.06.2023, 06:30 UTC — Fed Chair #Powell Speech
29.06.2023, 12:30 UTC — #GDP (Q1)
Get ready for high #volatility 📉📈
✅✅✅
Is it Time to Buy Bitcoin? Experts Analyze Price Prediction Amidst US Federal Reserve Interest Rate
The announcement of the US Federal Reserve's interest rate decision has sparked interest and speculation among investors regarding the future of Bitcoin's price. As this significant event unfolds, experts weigh in on whether it presents a favorable opportunity to buy $BTC
The Federal Reserve's interest rate decision holds significant influence over the financial markets, impacting various assets, including cryptocurrencies. Bitcoin, being the leading cryptocurrency, tends to experience price fluctuations in response to such announcements.
Market analysts and #cryptocurrency experts are closely monitoring the situation to assess the potential implications for Bitcoin's price. However, accurately predicting short-term price movements remains challenging due to the complex and dynamic nature of the cryptocurrency market.
While some experts believe that the #Federal Reserve's decision may trigger increased volatility and potentially drive Bitcoin's price upward, others caution against making hasty investment decisions based solely on this event. It is crucial to consider multiple factors, including market trends, investor sentiment, and the broader economic landscape, when making investment choices.
Investors are encouraged to approach Bitcoin and other cryptocurrencies with a long-term perspective, considering the underlying fundamentals and technological advancements in the crypto space. Diversification and risk management strategies should also be applied to navigate the inherent volatility associated with digital assets.
Ultimately, the decision to buy #Bitcoin should be based on a comprehensive analysis of various factors, rather than solely relying on a single event. Investors should conduct thorough research, consult with financial advisors if necessary, and consider their own risk tolerance and investment goals.
As the Federal Reserve's interest rate decision unfolds, it is prudent for investors to stay informed and closely monitor market developments. By staying abreast of the latest news and expert insights, individuals can make informed decisions that align with their investment strategies.
In summary, the announcement of the US Federal Reserve's interest rate decision has sparked discussions and speculation about Bitcoin's price. While some experts believe it may present a buying opportunity, caution and thorough analysis are advised when making investment decisions. It is essential for investors to consider multiple factors, maintain a long-term perspective, and employ risk management strategies in the dynamic cryptocurrency market.
The Federal Reserve's interest rate decision holds significant influence over the financial markets, impacting various assets, including cryptocurrencies. Bitcoin, being the leading cryptocurrency, tends to experience price fluctuations in response to such announcements.
Market analysts and #cryptocurrency experts are closely monitoring the situation to assess the potential implications for Bitcoin's price. However, accurately predicting short-term price movements remains challenging due to the complex and dynamic nature of the cryptocurrency market.
While some experts believe that the #Federal Reserve's decision may trigger increased volatility and potentially drive Bitcoin's price upward, others caution against making hasty investment decisions based solely on this event. It is crucial to consider multiple factors, including market trends, investor sentiment, and the broader economic landscape, when making investment choices.
Investors are encouraged to approach Bitcoin and other cryptocurrencies with a long-term perspective, considering the underlying fundamentals and technological advancements in the crypto space. Diversification and risk management strategies should also be applied to navigate the inherent volatility associated with digital assets.
Ultimately, the decision to buy #Bitcoin should be based on a comprehensive analysis of various factors, rather than solely relying on a single event. Investors should conduct thorough research, consult with financial advisors if necessary, and consider their own risk tolerance and investment goals.
As the Federal Reserve's interest rate decision unfolds, it is prudent for investors to stay informed and closely monitor market developments. By staying abreast of the latest news and expert insights, individuals can make informed decisions that align with their investment strategies.
In summary, the announcement of the US Federal Reserve's interest rate decision has sparked discussions and speculation about Bitcoin's price. While some experts believe it may present a buying opportunity, caution and thorough analysis are advised when making investment decisions. It is essential for investors to consider multiple factors, maintain a long-term perspective, and employ risk management strategies in the dynamic cryptocurrency market.
Powell Started Speaking #bitcoin Dropped Below $28,000! Here are the First Statements.
#Federal Reserve Chairman Jerome Powell and Philadelphia Fed President Patrick Harker speak to a roundtable of workers, small businesses, employers and nonprofits.
While the meeting themed on redeveloping and growing the economy continued, important statements came from Chairman Powell and Harker.
Stating that the FED's focus is on a healthy #economy , Powell stated that the problems caused by the pandemic continue in the US economy.
Philadelphia Fed President Patrick Harker stated that the FED is working on price stability and maximum employment
Following the start of Powell's meeting, Bitcoin fell below $28,000 again while trading at a negative premium of -0.4 on the S&P 500.
The meeting continues with the statements of other speakers. This news will be updated if there is an important statement from Powell.
#Federal Reserve Chairman Jerome Powell and Philadelphia Fed President Patrick Harker speak to a roundtable of workers, small businesses, employers and nonprofits.
While the meeting themed on redeveloping and growing the economy continued, important statements came from Chairman Powell and Harker.
Stating that the FED's focus is on a healthy #economy , Powell stated that the problems caused by the pandemic continue in the US economy.
Philadelphia Fed President Patrick Harker stated that the FED is working on price stability and maximum employment
Following the start of Powell's meeting, Bitcoin fell below $28,000 again while trading at a negative premium of -0.4 on the S&P 500.
The meeting continues with the statements of other speakers. This news will be updated if there is an important statement from Powell.
‼️#Federal interest rate expectations JUMP after PCE inflation data.
There is now an 87% chance of a 25 bps rate hike at the July meeting.
Futures see a 39% chance of at least TWO more hikes by October.
Markets are now pricing-in a 5% chance of THREE more hikes in 2023.
Interest rate expectations are RISING after the release of PCE inflation data this morning.
But why?
Core #PCE inflation, the Fed's preferred inflation metric, is now UNCHANGED since December 2022.
Core PCE inflation is now at 4.6% and still a major problem for the #FederalReserve .
✅✅✅
There is now an 87% chance of a 25 bps rate hike at the July meeting.
Futures see a 39% chance of at least TWO more hikes by October.
Markets are now pricing-in a 5% chance of THREE more hikes in 2023.
Interest rate expectations are RISING after the release of PCE inflation data this morning.
But why?
Core #PCE inflation, the Fed's preferred inflation metric, is now UNCHANGED since December 2022.
Core PCE inflation is now at 4.6% and still a major problem for the #FederalReserve .
✅✅✅
"110 Years of the Federal Reserve: Unveiling the 97% Erosion of the US Dollar"
🕰️💸 110 Years Ago: Birth of the #Federal Reserve 💸🕰️
A Look Back: Since its Inception, the US Dollar has Dwindled by Over 97%! 📉💔
🇺🇸 In 1913, the Federal Reserve came into existence, shaping the financial landscape. Over the past 110 years, the US dollar has experienced a staggering loss, with its value plummeting by more than 97%.
📉 Impact on Finance:
Reflect on the evolution of the financial system.Explore the changing dynamics of currency value.
🔄 Crypto Perspective:
Consider the role of cryptocurrencies in a fluctuating financial world.Join the conversation on the future of money.
#sol #NEAR #DOGE #cryptonews
$BTC
A Look Back: Since its Inception, the US Dollar has Dwindled by Over 97%! 📉💔
🇺🇸 In 1913, the Federal Reserve came into existence, shaping the financial landscape. Over the past 110 years, the US dollar has experienced a staggering loss, with its value plummeting by more than 97%.
📉 Impact on Finance:
Reflect on the evolution of the financial system.Explore the changing dynamics of currency value.
🔄 Crypto Perspective:
Consider the role of cryptocurrencies in a fluctuating financial world.Join the conversation on the future of money.
#sol #NEAR #DOGE #cryptonews
$BTC
📌 What's special about this week's macro?
📢 This week's #macro event will revolve around the Non-farm News Feed, please take note to note!
📌 August 21st: #US ISM Manufacturing PMI
📌 August 21st: JOLTS Employment Data
📌 7:15 am 2/8: #ADP Non-Farm
📌 7:30 p.m. August 3: US jobless claims
📌 9pm August 3: US ISM Services PMI
📌 19:30 4/8: Non-farm message board
#Federal #bitcoin $BTC $ETH $XRP
♂️ To understand what these indicators mean, please read this article 👇
📢 This week's #macro event will revolve around the Non-farm News Feed, please take note to note!
📌 August 21st: #US ISM Manufacturing PMI
📌 August 21st: JOLTS Employment Data
📌 7:15 am 2/8: #ADP Non-Farm
📌 7:30 p.m. August 3: US jobless claims
📌 9pm August 3: US ISM Services PMI
📌 19:30 4/8: Non-farm message board
#Federal #bitcoin $BTC $ETH $XRP
♂️ To understand what these indicators mean, please read this article 👇
LIVEMuhammad Mahdi
--
The most important macro events this week 🚨
📌 After the Fed's interest rate hike in July, investors are very interested in the Fed's actions in the September meeting. In addition, Fed Chairman Jerome #Powell affirmed that the next interest rate result will depend on data. #macro .
➡️ Therefore, from now until then, there will be many important macro events that will affect the upcoming Fed's interest rate decision.
➡️ There will be many important macro events this week, please pay attention:
➡️ August 21st: US ISM Manufacturing PMI
➡️ August 21st: JOLTS Employment Data
➡️ 7:15 am 2/8: ADP Non-Farm
➡️ 7:30 p.m. August 3: US jobless claims
➡️ 9pm August 3: US ISM Services PMI
➡️19:30 4/8: Non-farm message board
📌 Non-farm message board
Time: 19:30 4/8 (Vietnam time)
Influence level: High
Forecast: 200K – Last installment: 209K
Lower than forecast is good for Crypto.
➡️ From now until the next #FEDs interest rate meeting, the first important macro data to be released will be the Non-farm News Feed.
➡️ The Nonfarm Payroll (#NFP ) is a monthly statistical report published by the United States Department of Labor that measures the number of new jobs created outside of agriculture during the previous month in the United States. The NFP is an important indicator of the labor market and economic health of the United States.
The NFP feed includes 3 main indicators: new job creation, unemployment rate and average hourly wages.
➡️ If the Non-farm News Feed shows a weaker-than-expected or lower-than-expected employment situation, this could dampen confidence in the economy and push down the value of the dollar. This can increase the value of the Crypto array.
➡️ Currently, it is not clear whether Non-farm will be lower or higher than forecast, if you want data to infer, you will have to wait for the following data.
📌 Non-farm News Feed Forecast Dataset
📍 JOLTS . employment data
Time: August 21st
Influence level: Medium
Forecast: 9.61M – Last wave: 9.82M
Lower than forecast is good for Crypto.
➡️ JOLTS Job Openings is a report on the number of jobs currently opening by the #US Bureau of Labor Statistics (BLS). This report is released monthly to measure the number of vacancies nationwide.
➡️ The fact that this index is lower than forecast increases the probability that the Non-farm News Feed will be lower than forecast.
📌 ADP Non-farm
Time: 19h15 2/8 (Vietnam time)
Influence level: Medium
Forecast: 223K – Previous installment: 221K
Lower than forecast is good for Crypto.
➡️ ADP Non-farm is a monthly report of economic data, which tracks and shows the level of private non-farm employment in the United States (USA). This index is published by a private organization called Automatic Data Processing.
➡️ The fact that this index is lower than forecast will also increase the probability that the Non-farm News Feed will be lower than forecast.
📌 US unemployment claims
Time: On August 3
Influence level: Medium
Forecast: 223K – Previous installment: 221K
Higher than forecast is good for Crypto.
➡️ This is an index that measures the number of individuals who filed for unemployment insurance for the first time in the past week. Unlike the above two indicators, if the number of US jobless claims is higher than expected, it will increase the probability that the Non-farm News Feed will be lower than forecast.
📌 PMI . indicator set
➡️ The Purchasing Managers' Index (PMI) is an index that measures the health of a country's manufacturing and service industries, based on information collected from purchasing managers in different industries. manufacturing and service companies.
➡️ If the PMI is below 50 or the result is lower than forecast, it indicates a recession in the economy, a falling labor market, the Fed may cut interest rates and the dollar will depreciate. This will cause the crypto market to grow.
➡️ Besides Non-farm news, PMI also has a macro influence, although usually these indicators do not have too much influence on Crypto market prices in the short term.
This week PMI will have the following two indicators.
📌 ISM Manufacturing PMI
Time: August 21st (Vietnam time)
Influence level: Medium
Forecast: 46.9 – Last wave: 46.0
Lower than forecast is good for Crypto.
📌 ISM Services PMI
Time: 21h 3/8 (Vietnam time)
Influence level: Medium
Forecast: 53 – Last wave: 53.9
Lower than forecast is good for Crypto.
$BTC $ETH $BNB
➡️ Therefore, from now until then, there will be many important macro events that will affect the upcoming Fed's interest rate decision.
➡️ There will be many important macro events this week, please pay attention:
➡️ August 21st: US ISM Manufacturing PMI
➡️ August 21st: JOLTS Employment Data
➡️ 7:15 am 2/8: ADP Non-Farm
➡️ 7:30 p.m. August 3: US jobless claims
➡️ 9pm August 3: US ISM Services PMI
➡️19:30 4/8: Non-farm message board
📌 Non-farm message board
Time: 19:30 4/8 (Vietnam time)
Influence level: High
Forecast: 200K – Last installment: 209K
Lower than forecast is good for Crypto.
➡️ From now until the next #FEDs interest rate meeting, the first important macro data to be released will be the Non-farm News Feed.
➡️ The Nonfarm Payroll (#NFP ) is a monthly statistical report published by the United States Department of Labor that measures the number of new jobs created outside of agriculture during the previous month in the United States. The NFP is an important indicator of the labor market and economic health of the United States.
The NFP feed includes 3 main indicators: new job creation, unemployment rate and average hourly wages.
➡️ If the Non-farm News Feed shows a weaker-than-expected or lower-than-expected employment situation, this could dampen confidence in the economy and push down the value of the dollar. This can increase the value of the Crypto array.
➡️ Currently, it is not clear whether Non-farm will be lower or higher than forecast, if you want data to infer, you will have to wait for the following data.
📌 Non-farm News Feed Forecast Dataset
📍 JOLTS . employment data
Time: August 21st
Influence level: Medium
Forecast: 9.61M – Last wave: 9.82M
Lower than forecast is good for Crypto.
➡️ JOLTS Job Openings is a report on the number of jobs currently opening by the #US Bureau of Labor Statistics (BLS). This report is released monthly to measure the number of vacancies nationwide.
➡️ The fact that this index is lower than forecast increases the probability that the Non-farm News Feed will be lower than forecast.
📌 ADP Non-farm
Time: 19h15 2/8 (Vietnam time)
Influence level: Medium
Forecast: 223K – Previous installment: 221K
Lower than forecast is good for Crypto.
➡️ ADP Non-farm is a monthly report of economic data, which tracks and shows the level of private non-farm employment in the United States (USA). This index is published by a private organization called Automatic Data Processing.
➡️ The fact that this index is lower than forecast will also increase the probability that the Non-farm News Feed will be lower than forecast.
📌 US unemployment claims
Time: On August 3
Influence level: Medium
Forecast: 223K – Previous installment: 221K
Higher than forecast is good for Crypto.
➡️ This is an index that measures the number of individuals who filed for unemployment insurance for the first time in the past week. Unlike the above two indicators, if the number of US jobless claims is higher than expected, it will increase the probability that the Non-farm News Feed will be lower than forecast.
📌 PMI . indicator set
➡️ The Purchasing Managers' Index (PMI) is an index that measures the health of a country's manufacturing and service industries, based on information collected from purchasing managers in different industries. manufacturing and service companies.
➡️ If the PMI is below 50 or the result is lower than forecast, it indicates a recession in the economy, a falling labor market, the Fed may cut interest rates and the dollar will depreciate. This will cause the crypto market to grow.
➡️ Besides Non-farm news, PMI also has a macro influence, although usually these indicators do not have too much influence on Crypto market prices in the short term.
This week PMI will have the following two indicators.
📌 ISM Manufacturing PMI
Time: August 21st (Vietnam time)
Influence level: Medium
Forecast: 46.9 – Last wave: 46.0
Lower than forecast is good for Crypto.
📌 ISM Services PMI
Time: 21h 3/8 (Vietnam time)
Influence level: Medium
Forecast: 53 – Last wave: 53.9
Lower than forecast is good for Crypto.
$BTC $ETH $BNB
‼️Key #Events This Week:
1. #CPIData - Wednesday
2. #PPI Inflation data - Thursday
3. Jobless Claims - Thursday
4. Consumer Sentiment data - Friday
5. Q2 2023 bank earnings begin
6. Total of 8 #Federal speakers this week
Volatility is set to return to markets this week.
✅✅✅
Follow #cryptovarta
1. #CPIData - Wednesday
2. #PPI Inflation data - Thursday
3. Jobless Claims - Thursday
4. Consumer Sentiment data - Friday
5. Q2 2023 bank earnings begin
6. Total of 8 #Federal speakers this week
Volatility is set to return to markets this week.
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CPI data release, bond issuances, and Fed's speech will attract market attention🙃
This coming week will see little reprieve for the bond market, with the all important CPI due on Wednesday, while traders will also have to contend with $90bln of UST supply and $25bln of US IG issuance during the week. Furthermore, the ongoing TGA rebuild and QT will continue to drain liquidity on the margin, as we saw one of the fastest pace of central bank balance sheet withdrawals in June. A healthy line up of Fed speakers (SF Fed Daly, Cleveland Fed Mester, Atlanta Fed Bostic, Richmond Fed Barkin, Minneapolis Fed Kashkari, Governor Chris Waller) are also due to speak over the next few days, and expectations are for them to validate the current rate trajectory.
#bond #CPIData #UST #centralbank #Federal
This coming week will see little reprieve for the bond market, with the all important CPI due on Wednesday, while traders will also have to contend with $90bln of UST supply and $25bln of US IG issuance during the week. Furthermore, the ongoing TGA rebuild and QT will continue to drain liquidity on the margin, as we saw one of the fastest pace of central bank balance sheet withdrawals in June. A healthy line up of Fed speakers (SF Fed Daly, Cleveland Fed Mester, Atlanta Fed Bostic, Richmond Fed Barkin, Minneapolis Fed Kashkari, Governor Chris Waller) are also due to speak over the next few days, and expectations are for them to validate the current rate trajectory.
#bond #CPIData #UST #centralbank #Federal
US corporate earnings exceed expectations, marking a turnaround in the bear market🤑
With last month's labour data coming in exceptionally robust, along with this much larger-than-expected fall in CPI, US recession odds should continue to come off, and (another) beat in US corporate earnings might be all it takes to cause the last endangered bear to finally capitulate. With the SPX closing in at ~4500 with terminal rates approaching 5.5%, shortly on the back of a large regional banking crisis, one has to give the Fed a lot of credit for pulling this off, regardless of what inherent biases investors might have against the Fed's bailout methods and economic philosophy.
#CPIdata #SPX #Federal #banking #crisis
With last month's labour data coming in exceptionally robust, along with this much larger-than-expected fall in CPI, US recession odds should continue to come off, and (another) beat in US corporate earnings might be all it takes to cause the last endangered bear to finally capitulate. With the SPX closing in at ~4500 with terminal rates approaching 5.5%, shortly on the back of a large regional banking crisis, one has to give the Fed a lot of credit for pulling this off, regardless of what inherent biases investors might have against the Fed's bailout methods and economic philosophy.
#CPIdata #SPX #Federal #banking #crisis
What do you think Jerome Powell will signal about interest rates at the upcoming meeting?
#Fed #fomc #FederalReserve #Federal #crypto2023 $BTC $BNB $ETH
#Fed #fomc #FederalReserve #Federal #crypto2023 $BTC $BNB $ETH
Hawkish stance
30%
Dovish stance
26%
Moderately hawkish
35%
Moderately Dovish
9%
23 Szavazatok • Voting closed
🚨BREAKING: For the first time in history, total US Federal debt crosses $33 trillion.
Since the debt ceiling “crisis” the US has added $1 trillion in debt PER MONTH.
Over the last 5 years, the US has added a total of $11.5 trillion in debt.
At the same time, we are on track for $1 trillion in annual interest expense.
#crypto2023 #Federal #US
Since the debt ceiling “crisis” the US has added $1 trillion in debt PER MONTH.
Over the last 5 years, the US has added a total of $11.5 trillion in debt.
At the same time, we are on track for $1 trillion in annual interest expense.
#crypto2023 #Federal #US
