Markets are heading into what traders are calling a “super week” for macro data. After last weekend’s market crash, the US dollar, Treasuries, and crypto markets are bracing for high-volatility sessions as the Federal Reserve takes center stage again.
With five to six key events this week, every data point and Fed remark could sharply swing risk assets. However, the US government shutdown remains an overhanging concern.
SponsoredKey US Economic Events to Watch This Week
After the market chaos this past weekend, crypto markets are bracing for more volatility triggers this week. The following US economic events could have a bearing on how Bitcoin and crypto prices sway this week.
Fed Speeches
This week’s calendar includes more than eight Fed speakers, including Governor Michelle Bowman, Christopher Waller, Stephen Miran, and Richmond Fed President Tom Barkin.
In hindsight, Miran’s dovish tone last week lifted crypto market optimism, after the Fed governor signaled deeper interest rate cuts.
“I’m more sanguine on inflation than a lot of other people are,” Miran said, adding that population shifts and slower growth could further lower the real neutral rate, which he estimates near 0.5%.
The focus, however, is on Chair Jerome Powell’s remarks at the NABE annual meeting in Philadelphia. He’s expected to reiterate the Fed’s risk management stance, balancing a softening labor market against still-sticky inflation.
Sponsored Sponsored“We expect Powell to again focus on managing more downside risks to employment than prices,” MacroSpectrum noted.
Therefore, traders will watch closely for any hint of front-loaded rate cuts, which could trigger fresh rallies across crypto and gold while pressuring the dollar.
Fed’s Beige Book
Another macro data point to watch is Wednesday’s Beige Book (2 PM ET), which could offer one of the few unfiltered looks at US economic conditions amid the government shutdown.
Sentiment on X (Twitter) calls for attention to this release for regional insights into consumer spending and labor conditions.
If the Beige Book reveals mounting business caution or easing wage pressures, it could strengthen the case for the Fed to pivot earlier than expected.
Crypto markets, particularly Bitcoin, tend to rally on such dovish undercurrents, especially with real yields flattening and liquidity expectations improving.
US PPI
The PPI report remains a critical inflation indicator. It is scheduled for Thursday at 8:30 AM ET, though the government shutdown may delay it. Economists surveyed by MarketWatch expect a 0.3% month-on-month (MoM) increase after last month’s -0.1% drop.
However, the shutdown could push the release to next week (October 23). Still, traders are pricing in a softer print, indicating that disinflation could return.
A cooler PPI would reinforce rate-cut bets, weakening the dollar and supporting risk assets from equities to Ethereum.
Sponsored SponsoredInitial Jobless Claims
Initial jobless claims, expected at 229,000 for the week ending October 11, may also face a delay. Yet any surprise rise in claims could validate the slowdown narrative already seen in private payroll data.
Economists at MacroSpectrum warn that deferred federal resignations could push October’s unemployment rate to 4.5%, potentially accelerating the Fed’s easing cycle.
For crypto traders, that would mean liquidity tailwinds returning faster than expected.
Between Powell’s speech, the Beige Book, and pending inflation data, volatility will likely dominate 12–5 PM ET sessions this week.
With Trump’s new tariffs on China adding geopolitical tension and a government shutdown clouding data flow, it’s a week where macro meets mayhem, and the ripples may not spare crypto.
