{"id":25129,"date":"2025-05-05T06:04:27","date_gmt":"2025-05-05T06:04:27","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25129"},"modified":"2025-05-05T06:04:27","modified_gmt":"2025-05-05T06:04:27","slug":"3-things-that-could-rattle-crypto-markets-this-week","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25129","title":{"rendered":"3 Things That Could Rattle Crypto Markets This Week\u00a0"},"content":{"rendered":"
\n

The US central bank will announce its interest rate decision this week, and it is highly expected that things will remain the same.<\/p>\n

Optimism picked up a little last week as stock and crypto markets made gains as tariff concerns eased slightly.<\/p>\n

However, the unexpected Q1 GDP contraction<\/a> shook market sentiment. This appears to be the result of companies front-loading orders ahead of anticipated tariffs.<\/p>\n

It was also reported that President Trump has no plans to speak with China\u2019s President Xi this week. In a potential escalation of trade tensions, Trump said that Beijing is \u201cripping us off\u201d and Chinese and US officials are talking about \u201cdifferent things.\u201d<\/p>\n

Economic Events May 5 to 9<\/h2>\n

Consumer sentiment also fell in April for the fourth month in a row. It is now back to levels not seen since the pandemic era, as households brace for further price hikes.<\/p>\n

On Monday, April\u2019s ISM Services PMI (purchasing manager\u2019s index) report will be released, reflecting business conditions in the US services sector. This key leading indicator helps analysts anticipate shifts in economic momentum.<\/p>\n

April\u2019s S&P Global Services PMI is also due on Monday and offers an alternative perspective on the services sector by including a wider spectrum of private-sector firms.<\/p>\n

A Consumer Credit Change report is due Wednesday, measuring monthly changes in how much consumers are borrowing to finance spending on goods and services.<\/p>\n

The Federal Reserve will make its decision on interest rates on Wednesday, May 7, and the CME Fed Watch tool shows<\/a> a 96% probability of rates remaining unchanged at 4.25% to 4.5%.<\/p>\n

\u201cWe expect Powell to push back against market pricing and signal a renewed priority on price stability,\u201d said<\/a> Bloomberg analysts. Traders are now expecting 80 basis points of rate cuts this year starting in July, reported<\/a> Reuters.<\/p>\n

\n

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

1. S&P Global Services PMI data \u2013 Monday<\/p>\n

2. ISM Non-Manufacturing PMI data \u2013 Monday<\/p>\n

3. Fed Interest Rate Decision \u2013 Wednesday<\/p>\n

4. Fed Press Conference \u2013 Wednesday<\/p>\n

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

6. ~20% of S&P 500 companies report earnings\u2026<\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) May 4, 2025<\/a><\/p>\n<\/blockquote>\n