This week's key economic events include US PCE inflation, FOMC Minutes, and Q3 GDP data. These events follow a crypto market rally due to Trump's victory and increased institutional interest.
The crypto market experienced a robust rally, with Bitcoin nearing $65,000 and Ethereum at $2,800. Focus is now on the upcoming US PCE inflation data, which may impact the market.
PCE inflation drops to 2.5% in June, aligning with market expectations. Impact on crypto market remains uncertain.
Wall Street and economists await the release of PCE inflation data, expecting a slowdown to 2.5%. This data impacts expectations for Federal Reserve rate cuts.