We are heading for another exciting week in the crypto market, as major economic prints are set to come out. As we are only about a week away from the Fed’s interest rate decision on June 18, investors are closely watching how macroeconomic factors will shape market sentiment.
This Monday was marked by the news that U.S. and Chinese officials sat down for a meeting in London. According to reports, America expects to get a bypass on rare earth materials, while China is working to secure tariff reductions and greater access to U.S. markets.
The meeting is expected to end on Wednesday, June 11. By then, we’ll have a clearer picture of whether the two nations can reach a meaningful agreement. Just the hope that the two nations may come to terms already sent financial markets skyrocketing as Bitcoin reclaimed its $110K price today.
Tuesday
Tomorrow, we’ll have the data for the 3-year note auction, which will provide insight into investor demand for mid-term U.S. Treasury securities. The previous auction on May 5, 2025, saw a yield of 3.824%, slightly up from 3.784% in April.
Yields have been on the rise in recent weeks, as investors lose faith that interest rates will come down in the short term. Another spike tomorrow could signal continued skepticism about the Federal Reserve’s ability to ease monetary policy.
Wednesday
Aside from the aforementioned meeting coming to a close, we’ll also have access to consumer prices data as the U.S Bureau of Labor Statistics will release the CPI report for the month of May.
As a key reading to assess the strength of inflation in the economy, the Consumer Price Index (CPI) report will provide insights into price trends across various sectors. The previous CPI release showed a 0.2% increase in April — another hike in prices could pretty much solidify the notion that interest rates will not go down next week.
Thursday
Thursday will bring a mix of economic data, with British GDP figures for April set to be released early in the day.
Meanwhile, the U.S. Producer Price Index (PPI) for May will be released, offering a crucial look at inflation from the perspective of businesses. The previous PPI report showed a 0.3% increase, and another uptick could reinforce concerns that inflation remains sticky.
Additionally, the 30-year Treasury bond auction will take place, giving investors a chance to assess long-term demand for U.S. government debt. If yields rise significantly, it could signal continued uncertainty about future interest rate cuts.
Friday
Friday’s key economic release will be the University of Michigan’s Consumer Sentiment Report, which includes inflation expectations (1-year and 5-year), consumer expectations, and overall sentiment.
While not highly influential data, this report helps us further understand inflation expectations and gauge overall consumer confidence in the economy.
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