Last week's economic signals were a bit subtle. The Fed's Beige Book mentioned that the economy is basically stagnant, but the labor market is starting to show signs of fatigue. What about the ECB? The minutes from the October meeting indicate that they do not intend to rush into cutting interest rates.

Data aspect: September PPI year-on-year is 2.7%, initial jobless claims are 216,000 (expected is 225,000). The Beige Book specifically mentioned that price pressures are gently rising, and consumers may need to tighten their wallets.

This week's highlights are intensive - the September PCE data is set to be released, which is the inflation indicator most valued by the Fed. There is also the ADP employment data for November.

Specific timeline: On December 1st, pay attention to the ISM Manufacturing PMI, on the 2nd listen to Powell's speech (this is very crucial), on the 3rd look at the ADP employment numbers, on the 4th there will be initial jobless claims data, and on the 5th the finale is the Core PCE Price Index.

This data will directly affect the Fed's next actions, thereby impacting the pricing of all risk assets—including the cryptocurrency market.

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LadderToolGuy

· 2h ago

The labor market is weak + prices are rising, this combination is really a bit nauseating, money is becoming less valuable and we still have to worry about jobs... What Powell said that day is key, it feels like the entire market is waiting for him to fart. If the PCE breaks expectations again, the crypto world will kneel directly... In the short term, this data explosion feels like nothing can be predicted, just waiting to be played for suckers. Interest rate cuts delayed + price pressure, this rhythm is really torturous, the ADP data in November is very important. The Fed really wants to hang us, neither cutting rates nor inflation, leaving no room for maneuver. On the day of the core PCE, we will know who is happy and who is worried between the 1st and the 5th, the big show is about to start.

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Degen4Breakfast

· 17h ago

Alright, alright, another barrage of data, my head is already tired enough. Once Powell speaks, we'll know how the coin will move.

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MetaverseMigrant

· 17h ago

Wait, the Beige Book says there's no movement, but unemployment benefits are better than expected? I've seen this trick before, the Fed is just leaving itself some room. Powell's speech that day was the real deal, everything else was just setup. This week the PCE is going to explode, encryption is probably going to suffer. The labor market is showing fatigue... wallet tight... just sounds difficult. Is it true, is price pressure still rising? Did I miscalculate the Transaction History or is inflation not over? Let's wait for the core PCE to come out, talking now is pointless. That ISM data will determine the year-end direction, I think it's precarious. Consumers need to tighten their wallets? They've been tight for a while, okay, haha. The problem is the Fed hasn't figured it out either, giving itself some leeway. The ECB isn't rushing to cut rates, and neither is the Fed, this is a rhythm of mutual restraint. These five days in December will be tough, one after another. The PCE is the key player, everything else is a supporting role. To all the fren in encryption, get your hearts ready this week. Will there be any truth in Powell's words? We'll know on the 2nd. Is the labor market fatigue real, or has the statistical standard been adjusted again? Next week's data bombardment, should we reduce position, everyone?

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ForkLibertarian

· 18h ago

Powell's buddy's speech this time must be listened to carefully; it feels like the Fed is about to change its stance... It's another week of data bombardment with PPI and PCE; whether BTC can hold up this week depends on these days. Better-than-expected unemployment data actually makes people uneasy; will the rate cut expectations fall through again? The labor market is weak, but prices are still rising; the Fed is really in a dilemma. Waiting to see what Powell says on December 2; this guy's words can decide half of the coin market. The initial unemployment claims data looks so good, but what does it really mean... the economy isn't that strong, right? The crypto market still has to dance to the Fed's policy; there's no way around it... Prices gently rising? Next year, wallets will shrink, so I need to stock up on more coins. Is this week data-intensive? My exchange is all set up, just waiting for the PCE to land. The Beige Book says there's no activity, but employment is softening; this signal is really confusing. Powell's speech is a key point, but it feels like the market has already started to make up its own stories.

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GasFeeCryBaby

· 18h ago

The labor market is tired, wallets need to be tightened... Will the PCE data dare to fall this week? When Powell spoke that day, the crypto world probably has to be played for suckers again. No movement in the economy? That means something tricky is about to happen. Initial jobless claims are lower than expected, is this good news? I can't seem to get excited at all. Who dares to hold a Heavy Position before the PCE comes out? It's really risking everything in an All in. Looking forward to next week's big dump, the crypto world is about to cool down. With the Fed's set of moves, how can the crypto market survive... Prices are gently rising, is this considered gentle? I'm laughing. What will Powell say on the 2nd? I'm betting five bucks it'll be hawkish remarks again. Recession or soft landing, we will see this week, let's reduce the Position by half and calm down.

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