NFP, CPI, the Fed, and SpaceX — Here's Every Major Event That Could Move Crypto Through June 17
(121 days ago) · 1 source · Summarized by CryptoBipto
Kraken has published a macro calendar highlighting key economic events over the next two weeks, including the Non-Farm Payrolls (NFP) report, Consumer Price Index (CPI) data, a Federal Reserve meeting, and a SpaceX launch. These events could significantly influence market sentiment across both traditional and crypto markets.
WHY IT MATTERS
Think of the economy like weather for financial markets — and these upcoming reports are the forecast. The NFP (Non-Farm Payrolls) tells us how many jobs were added in the U.S., which signals economic strength. The CPI (Consumer Price Index) measures inflation, or how fast prices for everyday goods are rising. The Federal Reserve then uses this data to decide whether to raise, lower, or hold interest rates. When rates go down, people tend to invest more in riskier assets like crypto because safer options like savings accounts pay less. So even though these are traditional economic events, they have a direct impact on whether Bitcoin and other cryptocurrencies go up or down in the short term.
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