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Crypto community eyeing three macro events to tip crypto scales in July

2022.07.05 09:50

Crypto community eyeing three macro events to tip crypto scales in July
Crypto community eyeing three macro events to tip crypto scales in July

The crypto community is looking into three key dates this month that could profoundly impact the trajectory of the crypto market and the wider United States macroeconomic environment this year.

On July 13, the monthly Consumer Price Index (CPI) and data relating to inflation will be released to the public. On July 26-27, a decision will be made as to whether to hike interest rates further, while on July 28, the United States Q2 2022 Gross Domestic Product (GDP) estimates will tell us whether the country is in a technical recession.

July 13: Inflation marker, CPI

July 26-27: Fed interest rate hike

July 28: Are we in a recession?

Silver lining?

Source

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