Key US Economic Data Releases This Week 📌 🇺🇸

The US economy will be in focus this week with several important data points: 😅👇

(1) Revised GDP: The second quarter's annualized quarterly rate of real GDP will be released, providing insights into economic growth.

(2) Core PCE: The annual rate of the core Personal Consumption Expenditure (PCE) price index for July will give clues about inflation trends. 🛠️

(3) Consumer Confidence: The final reading of the University of Michigan Consumer Confidence Index for August will gauge consumer sentiment. 🤝

Fed Rate Expectations: 💻👀

Markets are pricing in a strong possibility of a rate cut by the Federal Reserve on September 18. The CME FedWatch Tool shows a 61.5% chance of a 25 basis point cut and a 38.5% chance of a 50 basis point cut. 😤

Stay tuned for these crucial economic indicators, as they could significantly impact market sentiment and investment decisions.

Would you like to discuss the potential implications of these data releases on the stock market, cryptocurrencies, or other asset classes? 🤷 DYOR! #LowestCPI2021 #CryptoMarketMoves #BullRunAhead #BTC