Crypto markets were boosted late last week after Fed chair Jerome Powell signaled a potential change in monetary policy; however, some of that momentum has waned on Monday morning.

While Powell didn’t commit to rate cuts outright, he acknowledged that the balance of risks was shifting in a way that “may warrant” less restrictive monetary policy and rate cuts next month.

US PCE inflation data will be the key economic indicator in the coming week as investors anticipate interest rates coming down slightly in September.

Economic Events August 25 to 29

Tuesday will see the release of consumer confidence data, which reflects the sentiment of consumers regarding inflationary pressures.

Thursday is a big data day, as the…