Key Economic Indicators May Influence Federal Reserve's Rate Decisions

According to PANews, Nexo analyst Iliya Kalchev has highlighted the significance of upcoming economic indicators, including the Consumer Confidence Index, fourth-quarter GDP, initial jobless claims, and next week's crucial Personal Consumption Expenditures (PCE) inflation data. These figures are expected to play a pivotal role in the Federal Reserve's decision-making regarding interest rate cuts. The market currently appears more confident about the forthcoming economic data. A cooling inflation rate and stable economic conditions could further boost investor interest, potentially driving up Bitcoin and other digital assets.