Midweek, US PPI/CPI expectations and FED minutes

All eyes will turn to economic data with the announcement of the Producer Price Index (PPI) on Wednesday. This data point measures inflation at the wholesale level and can be a leading indicator for consumer price inflation. Cryptocurrency markets often react to inflation data because this data can affect the attractiveness of crypto assets as an inflation hedge. Also on Wednesday at 7:15 p.m., Fed official Bostic will return to the spotlight, offering market participants another opportunity to learn about the Fed's thinking. FED minutes will be announced at 21:00 on the same day.

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