Unveiling FOMC Minutes and Jobs Reports: What Lies Ahead for Bitcoin and the Economy?

By Cora Skindell Jul 5, 202378Views

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Key Points:

The national ISM manufacturing survey fell to its weakest level since May 2020.
The shortened U.S. holiday week means a compressed schedule of economic data that could affect inflation and interest rates, and thus cryptocurrencies.
The minutes from the U.S. Federal Reserve’s mid-June meeting will be released on Wednesday, indicating a pause in rate hikes.
The ADP Employment Report and the government’s initial jobless claims figure will be released on Thursday, providing insights into June’s employment situation.
The U.S. Nonfarm Payrolls report for June, expected to show 250,000 jobs added, will be released on Friday.

Hot Take:

The upcoming economic data releases, including the FOMC minutes and employment reports, have the potential to impact the outlook for inflation and interest rates. This, in turn, could have implications for cryptocurrencies like Bitcoin. Pay close attention to these reports and how they may shape the market in the coming days.

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Cora Skindell

Cora Skindell is a standout figure in the world of cryptocurrency analysis, research, and editorial expertise. As a seasoned crypto analyst and researcher, Cora's insights delve deep into the complexities of digital assets, resonating with a diverse audience. Her ability to dissect intricate crypto concepts is complemented by her adept editorial skills, enabling her to distill complex information into easily understandable content. Cora's contributions serve as a valuable compass for both seasoned and novice individuals seeking to navigate the dynamic landscape of cryptocurrencies. With a keen eye for detail and a commitment to accuracy, she empowers informed decision-making in the ever-evolving crypto space.

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