Cryptocurrencies and US stock markets started the week lower as investors adopted a cautious stance.
Markets are focused on this week’s key economic data releases and policy signals from Fed Chair Jerome Powell.
Fed Chair Jerome Powell will deliver a speech on December 2nd at 04:00 (UTC+3). Investors are searching for new clues about the short-term direction of monetary policy. Bitcoinsistemi.com will provide the details of the speech for you.
Data to be released throughout the week include the November ADP employment report on Wednesday and the September Personal Consumption Expenditures (PCE) Index on Friday. These data will be key in shaping expectations for a potential Fed interest rate cut in December.
Meanwhile, in Washington, discussions about who will be appointed as Fed chair have intensified. Markets are growing expectation that a more dovish candidate could replace Powell. White House Economic Advisor Kevin Hassett has stated that he would accept the Fed chair position if elected. Treasury Secretary Scott Bessent indicated that the new chair candidate could be announced before the beginning of the year.
*This is not investment advice.