#Gate.io Has Officially Partnered with Oracle Red Bull Racing Four big US economic news this week might rock crypto markets

Inflation, employment, and expenditure statistics from four big U.S. economic reports this week might affect Bitcoin and Federal Reserve policy.
Crypto investors are eagerly monitoring four U.S. economic data that might affect Bitcoin and other digital assets this week. Starting Wednesday, these releases may affect Fed policy and market mood.
After a calm 2023, U.S. economic issues are affecting crypto markets again.
The January CPI will be revealed on Wednesday. Inflation rose marginally in December, although the core rate fell. The Fed has maintained interest rates but wants to see inflation fall before cutting them. Inflation is expected to fall in January. Traders will also watch Fed Chair Jerome Powell's comments on U.S. trade plans. His remarks may predict interest rate changes.
Higher inflation may indicate the Fed will remain aggressive, hurting Bitcoin and other risk assets in the near run. Rising rates favor conventional investments, limiting crypto demand. If inflation is lower than projected, the Fed may loosen policy, increasing Bitcoin as investors seek alternatives.
Initial Jobless Claims will give a labor market picture on Thursday. The recent report indicated stable employment. Lower unemployment claims indicate good hiring, which boosts consumer spending. A strong employment market might force the Fed to raise rates, benefiting the currency but hurting crypto.
The Producer Price Index (PPI) will reveal production-level inflation on Thursday. December's report showed inflationary pressures receding, but January's should show a minor uptick. If production costs grow more than projected, consumer prices may rise, pushing investors to buy Bitcoin to hedge inflation. Data surprises might change market mood. Investors may seek refuge in Bitcoin if inflation worries rise. A lower-than-expected PPI may enhance conventional market confidence, impacting crypto demand.
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