Get ready for an new week in the crypto space! This week the events are all around the macro environment (central banks, market data and these things). So the crypto market is a little silent, but we are not. The last update will bring a little action into everything 😉
Here’s a simple breakdown of what’s coming:
👔 Job Numbers on Thursday
This Thursday, watch for the latest US job numbers. They’re likely to stay low, suggesting many people are still employed. Usually, this is a positive indicator, showing the job market is doing well. However, in times of high inflation, the Federal Reserve may see persistent low unemployment as a signal that the economy is still too hot, which is not the goal of the FED until now.
🗣️ Speech from Fed Chair Powell
Also on Thursday, Jerome Powell from the US Federal Reserve will talk about future plans for interest rates. He’s probably going to say they want to keep prices from going up too much, even if that slows down how much money people spend. You know, the same thing as always.
📉 Company Earnings Reports
Some big companies will tell us how much money they made recently. We’re looking to see if higher costs and other problems are making it harder for them to earn money. This can also show us how higher interest rates are affecting them.
🤖 CryptoExplorer AI Update
Finally something exciting: This week we announced new features for CryptoExplorer AI.