#Cryptonews🔥 update :
📊 Crypto Catalyst Watch: #FOMC: Minutes and Jobs Reports Drive Economic Outlook 📈
📆 This shortened U.S. holiday week brings a flurry of economic data releases that could impact inflation, interest rates, and in turn, the prospects for cryptocurrencies like #bitcoin (BTC).
🕑 FOMC Minutes: Scheduled for Wednesday at 2 p.m. (ET), the Federal Reserve's mid-June meeting minutes will shed light on rate-setting decisions. While the Fed paused its rate hikes, officials have made it clear that it was only a temporary pause. Expectations point to at least two more rate increases in 2023.
💼 Jobs Reports: On Thursday, market participants will eagerly await the ADP Employment Report, providing insight into June's employment situation. Forecasts indicate a slowdown in private sector hiring compared to May. Additionally, the initial jobless claims figure and the Job Openings and Labor Turnover Survey (JOLTs) will be released, offering further signals about the labor market.
📉 Stay tuned for how these economic releases could impact the crypto market and influence trading sentiments.
