Next Week's Macro Outlook: The Federal Reserve to Release Beige Book on Economic Conditions, August Nonfarm Payrolls Incoming
BlockBeats News, August 30 — The cryptocurrency market experienced significant sell-offs this week, following a relatively strong performance last week. With volatility declining and key data set to be released next week, some relatively weak highs have formed. Bitcoin faces the risk of a double top and has not provided much resistance against its impact, while Ethereum pulled back further after hitting a new high last Saturday. The following are the key points the market will focus on in the coming week (all times UTC+8):
Wednesday 21:00 (UTC+8): 2025 FOMC voting member and St. Louis Fed President Musalem will deliver a speech on the US economy and monetary policy;
Thursday 01:30 (UTC+8): 2026 FOMC voting member and Minneapolis Fed President Kashkari will participate in a fireside chat;
Thursday 02:00 (UTC+8): The Federal Reserve will release the Beige Book on economic conditions;
Thursday 23:30 (UTC+8): Permanent FOMC voting member and New York Fed President Williams will speak at the Economic Club of New York;
Friday 07:00 (UTC+8): 2025 FOMC voting member and Chicago Fed President Goolsbee will deliver a speech;
Friday 20:30 (UTC+8): US August unemployment rate, August non-farm payrolls (seasonally adjusted), average hourly earnings (year-on-year and month-on-month).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
LVMH drops 37% this year; once Europe's largest market cap stock, now out of the top ten
On Tuesday, LVMH's stock price fell by 2.6%, reducing its market value to 201 billion euros (approximately $232 billion), slightly below L'Oréal, and marking its exit from Europe's top ten companies for the first time since 2017. LVMH's share price has dropped 37% this year, returning to levels last seen when global stores were closed due to pandemic lockdowns. As luxury demand declines, several investment banks have downgraded LVMH’s rating.
Chorus Aviation's Jazz Unit Reaches a Tentative Agreement With Its Crew Schedulers
2-Yr Benchmark Govt Yields - U.S. vs Other Nations
2-Yr Benchmark Govt Yields - Germany vs Other Nations
Crypto prices
More
