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 \u201cThe next Fed meeting is currently just 16 days away, and it comes amid major market volatility,\u201d commented the Kobeissi Letter.<\/p>\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 \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 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\n There will be nine Federal Reserve speaker events this week, which may offer some insight into the likelihood of a rate cut on March 19. According to the CME Fed Watch Tool<\/a>, there is a 95% that rates will remain unchanged.<\/p>\n Crypto markets have been boosted by Donald Trump\u2019s US crypto reserve announcement<\/a> on Sunday. The crypto reserve, which will hold BTC and ETH, could also include XRP, SOL, and ADA, said Trump.<\/p>\n This caused massive surges in their prices as markets added $300 billion in a matter of hours, propelling total capitalization by 8% to $3.2 trillion at the time of writing.<\/p>\n Bitcoin surged<\/a> by almost $10,000, hitting an intraday high of $94,900 before pulling back slightly during Monday trading in Asia. Ethereum jumped 10% to top $2,500, but it still remains weak compared to other altcoins.<\/p>\n The biggest gainers were XRP, with 35% to $3 at one point, Solana (SOL) adding 18% to top $175, and Cardano (ADA) surging 60% to reclaim $1.<\/p>\n The post 3 Key Events That Could Shake the Crypto Market This Week<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Jobs reports and Federal Reserve speeches will dominate the week ahead, which follows a tumultuous one for markets. 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 […]<\/p>\n","protected":false},"author":0,"featured_media":49064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49063"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49063"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49063\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49064"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Economic Events Mar. 3 to 7<\/h2>\n
Crypto Market Surges<\/h2>\n