Emre Yumlu 
In this article, we’ve compiled the key economic data for the week and their potential impacts on the markets. What will the data reveal, and how will the markets be affected? Let’s take a closer look.
This week, global economic developments and central bank interest rate decisions will be in focus for investors. Particularly, economic data from the US and Turkey will play a crucial role in determining the direction of the markets.
What to Expect in Global Markets This Week?
Thursday, March 27: Unemployment Rate, GDP, and Unemployment Claims
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Turkey’s Unemployment Rate will be released. (Previous: 8.4%)
Turkey’s unemployment rate is a key indicator of economic activity and the labor market. An increase in unemployment may signal economic contraction or a decrease in labor demand, reflecting the overall health of the economy.
A rise in unemployment could pressure the Turkish Lira and slow down domestic consumption.
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US GDP (Gross Domestic Product) will be released. (Forecast: 2.3%, Previous: 2.3%)
US GDP data is an important market indicator. Meeting expectations suggests stable economic growth in the US. However, a lower growth rate could increase the likelihood of further Fed rate cuts, while stronger growth may strengthen the case for continued rate hikes.
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US Unemployment Claims will be released. (Forecast: 225K, Previous: 223K)
An increase in this data could signal further challenges in the US labor market, potentially indicating a slowdown in economic growth. This could lead to volatility in stock and forex markets.
Friday, March 28: Core Personal Consumption Expenditures Price Index (PCE)
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Core PCE Price Index (YoY) will be released. (Previous: 2.6%)
The PCE Index is an important inflation measure for the Fed. A higher PCE could increase the likelihood of further rate hikes, strengthening the US Dollar. A lower PCE would indicate a potential softening of inflationary pressures, suggesting a more dovish stance from the Fed.
This content is not investment advice. The cryptocurrency market is highly volatile, and it’s essential to conduct your own research before making investment decisions.
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