{"id":15803,"date":"2025-03-03T06:33:56","date_gmt":"2025-03-03T06:33:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15803"},"modified":"2025-03-03T06:33:56","modified_gmt":"2025-03-03T06:33:56","slug":"3-key-events-that-could-shake-the-crypto-market-this-week","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15803","title":{"rendered":"3 Key Events That Could Shake the Crypto Market This Week"},"content":{"rendered":"
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Jobs reports and Federal Reserve speeches will dominate the week ahead, which follows a tumultuous one for markets.<\/p>\n

The second estimate for Q4 GDP confirmed that the economy grew at a solid 2.3% pace, led by consumer and government spending, but concerns about future GDP growth persist due to potential government spending cuts and trade tariffs.<\/p>\n

Additionally, last Friday\u2019s Core PCE<\/a>, which the central bank uses to measure inflation, offered some minor relief.<\/p>\n

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\u201cThe next Fed meeting is currently just 16 days away, and it comes amid major market volatility,\u201d commented the Kobeissi Letter.<\/p>\n<\/blockquote>\n

Economic Events Mar. 3 to 7<\/h2>\n

February\u2019s ISM Manufacturing PMI (Purchasing Manager\u2019s Index) is due on Monday. The data provides a glance at business conditions in the US manufacturing sector, which serves as an indicator of overall economic conditions.<\/p>\n

February\u2019s ISM Services PMI is due on Wednesday. This report shows business conditions in the services sector, which contributes over 70% of the US GDP.<\/p>\n

There are several labor market reports released this week, including ADP nonfarm employment data, initial jobless claims data, and the February Jobs Report on Friday.<\/p>\n

These reports are important economic indicators, as the shift in the number of positions is strongly associated with the overall health of the economy.<\/p>\n

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\u201cLayoffs are also likely to accumulate more over time given the [Trump] administration\u2019s plan to further reduce the Federal workforce,\u201d wrote Bank of America\u2019s economics on Friday.<\/p>\n<\/blockquote>\n

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Key Events This Week:<\/p>\n

1. February ISM Manufacturing PMI data \u2013 Monday<\/p>\n

2. ADP Nonfarm Employment data \u2013 Wednesday<\/p>\n

3. Initial Jobless Claims data \u2013 Thursday<\/p>\n

4. February Jobs Report \u2013 Friday<\/p>\n

5. Fed Chair Powell Speaks \u2013 Friday<\/p>\n

6. Total of 9 Fed Speaker Events This Week<\/p>\n

This\u2026<\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) March 2, 2025<\/a><\/p>\n<\/blockquote>\n