3 Macro Factors That Could Shape Crypto Markets This Week

Labor market data takes center stage this week as traders assess the Federal Reserve's policy trajectory. September rate-cut expectations held steady after last week's in-line PCE inflation reading of 2.6% and upwardly revised Q2 GDP growth to 3.3%.

The ISM Manufacturing PMI on Tuesday will provide early signals about economic momentum. Subsequent JOLTS and ADP employment reports may prove more consequential - any significant deviation from expectations could recalibrate market pricing for Fed actions, with Ripple effects across crypto assets.

While President TRUMP claimed "virtually no inflation," real-world indicators suggest mounting consumer stress. The Kobeissi Letter notes deteriorating living costs and rising risky debt accumulation, creating a complex backdrop for risk assets.