All eyes will be on the jobs data this week, as there are several reports that could paint a broader picture of the health of the labor market in the US.<\/p>\n
Last week\u2019s July PCE inflation<\/a> report did little to shake September rate-cut expectations, as data came in line with expectations, a small increase from previous months. Additionally, the second GDP growth estimate indicated that the economy expanded at a 3.3%, above the initial estimate of 3% growth.<\/p>\n President Trump<\/a> declared<\/a> on Sunday that \u201cprices are way down in the USA with virtually no inflation,\u201d but consumers are likely to disagree.<\/p>\n At the same time, the Kobeissi Letter reported<\/a> that \u201cUS cost of living is getting worse,\u201d highlighting that consumers are taking on increasingly risky debt.<\/p>\n TradFi markets are closed in the United States on Monday for Labor Day, which is fitting as the rest of the week will be dominated by labor market data.<\/p>\n The August ISM Manufacturing Purchasing Manager\u2019s Index (PMI) is due on Tuesday, offering insight into business conditions in the manufacturing sector. PMIs are considered reliable leading indicators for assessing the state of the US economy.<\/p>\n Wednesday and Thursday will see July JOLTS jobs data, August ADP non-farm employment data, and initial jobless claims data, all shedding more light on the state of the labor market. These reports are important economic indicators, as the change in the number of positions is strongly associated with the overall health of the economy.<\/p>\n The August ISM Services PMI report is due on Thursday, reflecting business conditions in the services sector, which is a major contributor to GDP.<\/p>\n The August jobs report will be released to end the week on Friday, rounding off a heavy week for labor data.<\/p>\n Key Events This Week:<\/p>\n 1. US Markets Closed, Labor Day \u2013 Monday<\/p>\n 2. August ISM Manufacturing PMI data \u2013 Tuesday<\/p>\n 3. July JOLTS Jobs data \u2013 Wednesday<\/p>\n 4. August ADP Nonfarm Employment data \u2013 Thursday<\/p>\n 5. Initial Jobless Claims data \u2013 Thursday<\/p>\n 6. August Jobs Report \u2013 Friday<\/p>\n It\u2019s\u2026<\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) August 31, 2025<\/a><\/p>\n\n Earnings season came to an end last week, with Nvidia selling off on Friday.<\/p>\n Crypto markets are seeing red again, a typical Monday morning pattern in recent weeks, as total capitalization drops by almost 2% to $3.80 trillion.<\/p>\n Bitcoin has been leading losses, falling to its lowest level since early July, below $107,500 during Asian trading on Monday morning. The asset is now at its deepest correction point, at more than 13% down from its mid-August peak.<\/p>\n Ethereum has declined a similar amount and has fallen below $4,400, but remains within its three-week range-bound channel.<\/p>\n Altcoins<\/a> were a sea of red with larger losses for XRP, Solana, Dogecoin, Cardano, Chainlink, and Sui as altseason hopes are dashed again.<\/p>\n The post 3 Things That Could Impact Crypto Markets in Week Ahead<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" All eyes will be on the jobs data this week, as there are several reports that could paint a broader picture of the health of the labor market in the US. Last week\u2019s July PCE inflation report did little to shake September rate-cut expectations, as data came in line with expectations, a small increase from […]<\/p>\n","protected":false},"author":0,"featured_media":67306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-92711","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\/92711"}],"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=92711"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/92711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/67306"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Economic Events September 1 to 5<\/h2>\n
Crypto Market Outlook<\/h2>\n