Macro data, crypto, and blockchain events this week
By Tiffany Wang, WOO Network Analyst
The end of the hiking cycle expectations are overwhelmed by the "higher for longer" interest rate narrative.
The UK CPI was a miss; the BOE voted to maintain the bank rate at 5.25%. Fed left the rate unchanged, but its hawkish comments and SEP (summary of economic projections) damped market sentiment.
The SEP indicated one more hike before the end of the year and fewer cuts than previously shown next year. Although the Fed decided not to raise interest rates, the message was that borrowing costs must remain higher for longer amid renewed strength in the economy.
There will be three FOMC voters delivering speeches this week, Japan will issue its CPI data, and the US will release its PCE price index.
Crypto and blockchain events this week (Sep 25th ~ Sept 29)
Meanwhile, here are the biggest crypto and blockchain events happening around the world this week so that you can stay informed.
—
The content above is neither a recommendation for investment and trading strategies nor does it constitute an investment offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes to their investment decision based on the content shall undertake the result or loss by himself/herself.
The content of this document has been translated into different languages and shared throughout different platforms. In case of any discrepancy or inconsistency between different posts caused by mistranslations, the English version on our official website shall prevail.
