This Week's Economic Calendar and Crypto Market Outlook

**Introduction:**

The crypto markets saw a period of stagnation over the weekend, following a recent decline that brought the total capitalization down to $2.38 trillion. This week's economic calendar promises potential volatility, with crucial inflation data releases and Federal Reserve speeches likely to shape the direction of monetary policy.

**Key Economic Events:**

- Tuesday: Release of the core PPI (Producer Price Index) report, considered a pre-indicator of inflationary pressures.

- Tuesday: Speech by Fed Chair Powell.

- Wednesday: Release of April CPI (Consumer Price Index) data and April Retail Sales data.

- Thursday: Philadelphia Fed Manufacturing data.

- Throughout the week: A total of 12 Federal Reserve speaker events scheduled.

**CEO Expectations and Market Predictions:**

A recent survey of US CEOs suggests an expectation for a single rate cut by the Fed this year, while markets anticipate two cuts, with the first expected in September.

**Elon Musk's Critique:**

Over the weekend, Elon Musk took a swipe at the Fed, likening it to the Monopoly game's bank, suggesting its ability to print money at will.

**Crypto Market Outlook:**

The crypto markets remained relatively stable, with Bitcoin hovering around $61,000 and Ethereum struggling to surpass $3,000. Altcoins, including Solana, Dogecoin, Avalanche, and Near Protocol, experienced losses.

**Conclusion:**

As investors await key economic data releases and Federal Reserve insights, the crypto market maintains a cautious stance, with potential for volatility ahead.