$BTC $SOL $ETC Three Big Things to Watch for in the Week Ahead in Crypto

Crypto markets have started to retreat again following signs of a recovery after the big crash a week ago.

Moreover, there will be a busy week ahead in the U.S. economic calendar as inflation data is released, which could influence Federal Reserve monetary policy.

These reports usually have a large impact on stock and crypto markets, so here’s what to expect.

Economic Calendar August 12 to 16

Panic hit crypto and financial markets last week as the unwinding of the Japanese yen carry trade spiked volatility. This week will give investors more insight into how quickly and deeply the U.S. central bank will cut interest rates.

Tuesday will see the release of July’s PPI (Producer Price Index) report. This reflects input prices for producers and manufacturers, measuring the costs of producing consumer goods and directly affecting retail pricing.

This report is a pre-indicator of inflationary pressures, making it a leading indicator for the following month’s CPI (Consumer Price Index). The CPI report for July is due on Wednesday, and this one provides a much broader outlook on inflationary pressures.

Analysts expect headline consumer prices, including the price of food and energy, to post an annual gain of 3%, which is unchanged from June’s report. As a result, inflation is predicted to rise 0.2% on a month-over-month basis after declining 0.1% in June.

Key Events This Week:

1. July PPI Inflation data – Tuesday

2. July CPI Inflation data – Wednesday

3. July Retail Sales data – Thursday

4. Philly Fed Manufacturing Index – Thursday

5. July Housing Starts data – Friday

6. 3 Fed speaker events and earnings season continues

— The Kobeissi Letter (@KobeissiLetter) August 11, 2024

According to Wells Fargo senior economist Sarah

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