Key events to watch this week

• This is a week of important economic events, including the release of the US Consumer Price Inflation report.
• The US CPI inflation data for November is scheduled to be released on December 12th, and it is predicted that the consumer price index may fall by 0.1%.
• The Federal Open Market Committee (FOMC) is expected to maintain interest rates at 5.25-5.50%.

This week, cryptocurrency investors should prepare for a week of potential disruption as major economic events loom. Of note is that the U.S. Consumer Price Inflation report, scheduled for release in November at 8:30 a.m. EST, will be released on December 12th. The Cleveland Fed’s expectations are for monthly interest rates to remain flat.

Then Wednesday is the Fed’s last meeting of the year, and the market consensus is leaning toward maintaining the current monetary stance. On December 13, there will be a press conference by Federal Reserve Chairman Jerome Powell where PPI inflation data and details on the FOMC rate hike will be announced.

This week’s US CPI inflation data is particularly important given growing expectations among investors that the Federal Reserve may cut interest rates. The consumer price index is expected to decline slightly by 0.1% in November, which could potentially impact the annual inflation rate.

If the data indicates a cooling economy with inflation rates below 3%, investors may move into riskier assets such as cryptocurrencies.

The Federal Open Market Committee (FOMC) plans to keep interest rates between 5.25 and 5.50 percent at its December meeting, depending on market expectations.

A more dovish monetary policy could increase demand for cryptocurrencies, as lower interest rates tend to make riskier assets more attractive to investors.

These major events could trigger a rise or fall depending on the data, so investors are advised to prepare for increased volatility and remain vigilant this week. As the market awaits this week’s numbers, the price of Bitcoin has fallen below $42,000.