Alright crypto fam, buckle up! Next week is gonna be a big one for the US economy, and honestly, the implications for markets – including ours – are huge. We’re talking CPI, PPI, jobless claims, and a whole lot more. Let’s break it down:
Data Dump Incoming (All times are GMT+8):
April 9th: US tariffs officially kick in – the Trump train keeps rollin’.
April 10th (2:00 AM): Fed’s March policy meeting minutes drop. Expect some serious parsing of what they’re really thinking.
April 10th (8:30 PM): US March CPI and Core CPI numbers. Predictions are 2.60% YoY for CPI (down from 2.80%), and 0.10% MoM (down from 0.20%).
April 11th (8:30 PM): US March PPI data. 3.3% YoY and 0.20% MoM are expected.
April 11th (10:00 PM): Early readings on April inflation expectations and consumer confidence – important sentiment indicators.
Asia Feels the Trump Chill: Asian markets took a serious beating today thanks to no sign of Trump backing down from his tariff plans. Some analysts are now expecting five rate cuts this year as recession fears creep in. Honestly, it feels like Trump is playing chicken with the global economy, and frankly, I’m not convinced anyone will blink.
MOVE Over, Fed? Arthur Hayes is watching the MOVE Index (a measure of bond market volatility) like a hawk. He thinks if it breaks 140, the Fed might have to step in and start printing money again…because forced liquidations are bad for everyone, even the Fed.
Everyone’s Talking Trade: Over 50 countries are reportedly scrambling to negotiate with the White House about trade. Trump insists he’s not trying to destroy the market, but job numbers are expected to wobble as the tariffs take effect. Sounds…optimistic, to say the least.
CZ Speaks: Binance’s CZ had some blunt advice at the BNB Super Meetup: Meme coins are built on hype first, fundamentals later. Most are weak on real utility, relying on community and vibes. And in this volatile market? Risk management is key – don’t throw your life savings at anything!
Debt Market Drama: A potential $1 trillion unwind in US Treasury basis trades could trigger a global cash grab, and everything – even Bitcoin – could get sold off in the chaos. It happened in 2020, and it could happen again. Stay frosty.
Fed Rate Cut Watch: CME Group is currently pricing in a 33.3% chance of a 25-basis-point rate cut in May. Still a long shot, but the pressure is building!
