Five macro data points this week to shape Fed path and bitcoin
- —The Fed raised rates to 3.75–4% on Sept. 16; markets see a 64% chance of a hike on Oct. 28
- —Core PCE rose 3.3% year-on-year in July, with August seen at 3.4% versus the 2% target
- —September nonfarm payrolls are expected at 90,000, down from 162,000 in August
- —The ISM manufacturing index eased to 54.6 in August from 55.6, with input prices at 71.1
Why it matters: Strong data would reinforce the Fed's hawkish stance and pressure bitcoin and tech stocks, while weak prints could revive hopes for a pause.
Source: BeInCrypto CN