With cryptocurrencies down nearly 30% from their March peak, the coming week is packed with important events that could have a major impact on both the crypto and traditional trading markets. Here’s what to watch for in the coming week.
Key Events of the Week Ahead
September 10: Trump-Harris US Presidential Debate
The presidential debate between Kamala Harris and Donald Trump on September 10 is creating buzz in the cryptocurrency market. Both candidates have recently shown increased interest in cryptocurrencies.
Trump’s positive stance on cryptocurrencies and Harris’s relationships with industry leaders could influence market trends. This debate could bring new insights or uncertainty about the future of digital assets.
September 11: United States – CPI
On September 11, the United States will release its Consumer Price Index (CPI) report for August. This report is important because it shows how prices are changing and can influence economic decisions. The July CPI report showed a 0.2% increase from the previous month and a 2.9% increase from the previous year.
Experts predict that the CPI for August will be slightly higher, with core inflation expected to be around 0.26%. This data could impact the Federal Reserve’s decision on interest rates, affecting both traditional and crypto markets.
September 12: US – PPI & Jobless Claims
The U.S. will also release its Producer Price Index (PPI) report on September 12. The PPI measures the change in prices of goods before they reach consumers. The July report showed a 2.2% increase year-over-year, down slightly from June's 2.7%. Analysts expect August's PPI to show further easing of inflationary pressures.
Additionally, the Initial Jobless Claims report will be released on the same day. This report tracks the number of people filing for unemployment benefits. The latest data showed that the number of claims fell to 227,000, the lowest level since early July, compared to economists' forecast of 230,000. This information helps us understand the job market and the overall health of the economy, which can also impact the cryptocurrency market.
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