Fed speeches and NY Fed inflation expectations on October 7 set the tone for crypto markets.
September FOMC minutes and Powell’s speech on October 8–9 could drive Bitcoin and crypto volatility.
Consumer sentiment data on October 10 will reveal confidence levels that may influence crypto flows.
Crypto markets are heading into a week that could set the tone for the months ahead.
From October 7 to 10, key US economic events are lined up, including Fed speeches, FOMC minutes, Jerome Powell’s address, and consumer sentiment data. With a government shutdown in the US clouding some economic data, traders will be watching every signal closely.
October 7: Fed Officials Speak, Inflation Expectations Released
The week starts with a series of Fed speeches. Governor Stephen Miran leads, followed by Atlanta Fed President Raphael Bostic, Minneapolis Fed President Neel Kashkari, Fed Governor Michael Barr, St. Louis Fed President Alberto Musalem, and Friday’s speaker, Chicago Fed President Austan Goolsbee.
Traders watch these speeches for hints on interest rates and the Fed’s economic outlook. The NY Fed Inflation Expectations data will also be released, showing what consumers and markets expect inflation to be in the coming months.
Interest rates and inflation directly affect crypto. Lower rates often push money into “riskier” assets like Bitcoin. Hawkish signals or higher rate expectations can pressure crypto markets.
October 8: September FOMC Minutes
Wednesday brings the September FOMC minutes, which cover the Fed’s first rate cut in nine months, bringing the federal funds rate to 4.00-4.25%.
“This week, fundamentally, we have the FOMC minutes on Wednesday, but these do not include economic projections, so they will not impact the markets too much. It is just the written report of what they discussed during the last meeting when we had a rate cut,” noted one analyst.
Even so, the minutes can give clues about the Fed’s next moves. A dovish tone could support crypto gains, while hawkish hints might trigger a short-term sell-off.
October 9: Jerome Powell Speaks and Jobless Claims
Thursday is a big day with Fed Chair Jerome Powell delivering a pre-recorded speech at the Community Bank Conference in Washington. Traders will look for guidance on rate cuts and the Fed’s view of the economy.
“Fed Chair Jerome Powell’s speech this week and FOMC minutes from September… will be scrutinized for clues on the 2025 path: Nine officials eye two more cuts, but seven see none or hikes,” one observer noted.
Thursday also brings initial jobless claims, an early indicator of the labor market.
Economist Kurt S. Altrichter warned, “Jobless Claims are the early warning system for the economy. First alert: 260k, Recession risk: 300k+ on the 4-week average.” With the government shutdown, these numbers become even more important for both stocks and crypto.
October 10: Consumer Sentiment Data
The week ends with consumer sentiment data, measuring how confident people feel about the economy, jobs, and spending. Low confidence often pushes investors toward crypto as a hedge. High confidence usually keeps money in traditional markets.
Crypto traders will use this data to confirm or challenge signals from the Fed earlier in the week.
A Week to Watch
From Fed speeches to Powell’s address and consumer sentiment, this week is packed with events that can move crypto markets. Every word and data point matters, and traders will need to stay alert. For Bitcoin and altcoins, it could be a week of sharp swings and opportunities.
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