Five Events This Week Could Sway Fed Rate Path
The cryptocurrency market is bracing for a series of key events this week that could impact the Federal Reserve's interest rate decision timeline. Bitcoin was trading near $84,800 as of September 27, according to CoinGecko data.
The five scheduled US and Japan data releases, spanning Monday, September 28 through Friday, October 2, will be closely watched for their implications on the Fed's future decisions. These events include the BOJ Monetary Policy Minutes, PCE inflation report and Q2 GDP, ISM Manufacturing PMI, and the September jobs report.
Analysts suggest that this week's economic calendar is unusually dense, compressing central bank, inflation, growth, and labor data into five sessions. A hawkish surprise from these events could pressure Bitcoin's price, while soft prints may support risk assets.