Emre Yumlu 
Today, global markets are proceeding with caution due to critical economic data coming from the U.S. and a speech by Fed Chair Jerome Powell. Especially data that could affect the inflation outlook and monetary policy signals may have a broad impact from cryptocurrency markets to traditional markets.
U.S. Jobless Claims and PPI to Be Announced!
At 15:30, two important data points will be released simultaneously:
Jobless Claims
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Expectation: 229K
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Previous: 228K
This data provides an important indicator of how strong or weak the labor market is. A figure below expectations would signal strength in the employment market, while a higher number could raise recession concerns.
Monthly Producer Price Index (PPI)
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Expectation: 0.2%
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Previous: -0.4%
This data, which shows the trend of inflation on the producer side, stands out as a leading indicator of consumer inflation. If the PPI exceeds expectations, it could bring back the possibility of the Fed tightening its interest rate policies.
At 15:40, attention will turn to the speech by Fed Chair Jerome Powell. Statements such as “we will be patient” or “we will act based on data” could cause significant market volatility.
What Happens If the Data Meets or Misses Expectations?
If the data aligns with or exceeds expectations, short-term optimism may be seen in the markets. In this scenario, the dollar may strengthen, and stock markets may move upward, but cryptocurrencies could come under pressure.
If the data falls short of expectations, especially if PPI remains in negative territory, expectations that the Fed may begin rate cuts earlier could come to the forefront. This could create a positive environment for assets like gold and cryptocurrencies.
This content does not constitute investment advice. Markets involve high risk, and it is important to conduct your own research before making investment decisions.
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