Upcoming US economic events, like the December jobs report and Fed minutes, are set to influence crypto market trends. Key sentiment shifts ahead.
This week, the U.S. economic calendar is packed with significant events, including the release of employment data, Fed meeting minutes, and labor market surveys., released on Monday, reflects the health of the services sector, a key driver of the U.S. economy. A strong reading could signal economic resilience, potentially reinforcing the Federal Reserve’s hawkish stance.
The ADP Nonfarm Employment report and the Fed Meeting Minutes will take center stage on Wednesday. The ADP report previews the official jobs report, while the Fed meeting minutes will offer insights into policymakers’ views on inflation and rates. A weaker-than-expected report could boost crypto markets as it raises the probability of the Fed slowing down rate hikes.