Introduction:

This week, the US is buzzing with economic happenings, with the Federal Reserve closely monitoring rising inflation data like PCE, PPI, and CPI. The Fed's upcoming decision and economic reports will shed light on the inflation battle and the overall US economic path, influencing market feelings for the future. Additionally, over 20% of the S&P 500 companies will report their earnings this week, adding to the market's activity.

Key Economic Events:

All eyes are on Federal Reserve chair Jerome Powell as the two-day meeting commences on Tuesday. It's expected that the Federal Open Market Committee will maintain rates between 5.25% to 5.5%, unchanged since last July due to persistent high inflation. Powell will address the decision and inflation concerns during his press conference on Wednesday. The recent GDP report indicated slow economic growth but higher inflation, unsettling the markets.

Moreover, economic data releases this week include the April jobs report, projected to maintain unemployment at 3.8%. Other data like consumer confidence, ISM manufacturing, and payroll reports will also be unveiled.

Corporate Earnings:

Several major companies, such as Apple, Amazon, AMD, and MasterCard, are set to disclose their quarterly earnings reports, adding to market fluctuations.

Outlook on Crypto Markets:

The crypto markets saw limited activity over the weekend, with a slight decline in total capitalization to $2.4 trillion and minimal trading volumes in Asia on Monday. Bitcoin experienced a 2% drop to under $62,000, while Ethereum hit a two-week high of $3,342 before retracing to $3,200 on Monday morning. Altcoins showed losses, indicating a possibly volatile week ahead, especially if the Fed maintains interest rates unchanged.

Conclusion:

As economic events unfold and corporate earnings reports flood in, the crypto markets stand poised for potential turbulence, influenced by the Fed's decision and economic data releases. With uncertainties looming, market participants brace themselves for a week of dynamic shifts in sentiment and prices.