After a long break, we are entering another week where investors will be on edge due to the Federal Reserve’s decisions. This week is extremely crucial. Following the latest data that shook risk markets, whether the Fed will change its stance or adopt a new strategy is keenly awaited by investors. Of course, the Fed meeting isn’t the only significant event. So, what’s happening this week?
Significant Developments in Cryptocurrencies
The biggest event of the week is the Fed meeting, and below you can see the details of other key developments expected on other days of the week. The U.S. economy did not grow as expected, and inflation is rising. Interest rate pressures are seriously affecting economic growth while failing to remedy inflation.
Now, let’s take a look at what will interest investors over the next 7 days, as we do every Sunday.
April 29, Monday
- OP Key Opening ($63.7 Million)
April 30, Tuesday
- 12:00 EU CPI (Expectation: 2.4%)
- 17:00 US CB Consumer Confidence (Expectation: 104 Previous: 104.7)
- Former Binance CEO CZ’s Penalty to be Announced
- PRIME Coin ($30 Million)
- SUI ($5 Million)
- MANTA ($3.4 Million)
May 1, Wednesday
- 15:15 US ADP Non-Farm Employment Change (Expectation: 179K Previous: 184K)
- 16:45 US Manufacturing PMI (Expectation: 49.9 Previous: 51.9)
- 17:00 US Job Openings and Labor Turnover Survey (JOLTS) (Expectation: 8,680M Previous: 8,756M)
- 21:00 Fed Interest Rate Decision
- 21:30 Fed Chairman Powell to Speak After the Decision
- THETA EdgeCloud to be Launched
- DYDX ($72 Million)
- ZETA ($6.7 Million)
- ENA ($46 Million)
May 2, Thursday
- 15:30 US Unemployment Claims (Expectation: 212K Previous: 207K)
- Shibarium Hard Fork
May 3, Friday
- 10:00 Turkey Inflation Data (Previous: 68.5%)
- 15:30 US Average Hourly Earnings (Expectation: 0.3%)
- 15:30 US Non-Farm Employment (Expectation: 243K Previous: 303K)
- 15:30 US Unemployment Rate (Expectation: 3.8%)
- MEME Coin ($150 Million)
May 4, Saturday
- 02:45 Fed/Goolsbee to Speak
- 02:45 FOMC Member Williams to Speak
May 5, Sunday
- XRP Las Vegas Event
What to Watch Out For?
Wednesday and Friday could increase volatility in crypto this week. After the Fed meeting, investors will look for clues in Powell’s previous statements about future meetings. Whether Powell’s expectations for employment easing for interest rate cuts will be met will be clear with Friday’s data. On the other hand, major key openings could cause price fluctuations in altcoins.
