Key macroeconomic indicators to watch this week 🔥

📍 2/1 2:00 AM: FED Interest Rate Decision

Forecast = 5.5%, previous = 5.5%Maintaining or lowering the rate is favorable for Crypto

Given the recent leniency of the FED with interest rates, it is expected that the agency will continue to keep rates between 5.25% - 5.5%. Most forecasts are leaning towards this scenario.

However, with recent CPI increases, the biggest question is whether the FED will change its stance on rates in the near future or not?

📍 2/2 8:30 PM: Non-farm Payrolls Report

Forecast = 177K, previous = 218KLower than forecast is favorable for Crypto

This month's employment data continues to be forecasted lower than the previous month. Meanwhile, the unemployment rate is expected to slightly increase to 3.8%, and hourly wages remain unchanged from before.

It's currently challenging to predict the final outcome. However, in the last two releases, Non-farm Payrolls data has exceeded forecasts.