Weekly Financial Events: Impact on Crypto Market & Federal Reserve Interest Rate Decision

This coming week is shaping up to be a busy one for financial events, some of which may impact crypto market movements. The largest event is the Federal Reserve meeting on Wednesday, when another interest rate decision will be made.

There are several key financial events this week, and the Fed’s interest rate decision is among them.

The Week’s Financial Events

On September 19, data will be released for housing starts and building permits. These provide an outlook into the current US housing market, which has been on rocky ground due to high interest rates.

Fed Interest Rate Hikes 2007-Current. Source: Statista

Neither are predicted to move much from the previous month, and they have no impact on crypto markets.

The Federal Reserve rates decision on Wednesday, September 20, will be the one to watch out for.

However, the central bank is not expected to change its stance on interest rate policy. It is also not expected to say anything definitive about its near-term outlook at this week’s policy meeting.

Moreover, the focus will be on the Fed’s economic forecast, known as the Summary of Economic Projections (SEP).

Macroeconomics outlet The Kobeissi Letter noted that the week could set the tone for the rest of the year.

“Fed guidance on Wednesday sets the tone for the next few meetings. Expect to see lots of volatility this week.”