Key US Economic Data to Drive Crypto Volatility This Week
Crypto markets are closely monitoring key US economic data this week to assess the health of the nation’s economy. As the year-end approaches, critical labor market reports — closely watched by the Federal Reserve—are on the calendar.
Given the potential impact on portfolios, traders may adjust their strategies around these upcoming events.
ISM Manufacturing
The Institute of Supply Management (ISM) will release the November ISM Manufacturing data on Monday, December 2, marking the first business day of the month. This index, also called the purchasing managers’ index (PMI), offers a monthly snapshot of US economic activity. It is derived from a survey of purchasing managers at manufacturing firms across the…
