Global Macro & Crypto Update: This week brings a bunch of key updates that tell us how the U.S. economy is doing, important even if you’re not based in the U.S., because global markets often follow America’s lead. We’re looking at reports on factories, consumer mood, home sales, economic growth, inflation, and Bitcoin action.
Monday: Checking on Factories
We start the week with the US S&P Global Manufacturing PMI. Think of it as a check-up on US factories. Surveyors ask factory managers: “Are you making more stuff than last month, or less?”
- Over 50 = Growth
- Under 50 = Slowdown
Factories make the goods we use every day, from clothes to cars. If they’re doing well, it’s a good sign for jobs and the economy.
Tuesday: How People Feel and New Homes
Two updates land on Tuesday:
- US CB Consumer Confidence Report
This checks if people feel good about the economy. When consumers are optimistic, they tend to spend more, on TVs, meals out, and other things that keep businesses going. - New US Home Sales (February)
Buying a home is a major decision. More home sales usually mean people are feeling confident. This keeps builders, furniture shops, and contractors busy.
Wednesday: A Sneak Peek at Growth
Midweek, we get the US Atlanta Fed GDPNow estimate. This is an early guess at current economic growth.
Think of the economy as a giant pie. This tells us if the pie is growing or shrinking. While it’s not the final say, it gives us a solid clue.
- Bigger pie = More jobs, more money
- Shrinking pie = Caution ahead
Thursday: The Big Growth Picture
Now it’s time for the official scoreboard, US Q4 GDP (2024). This tells us how much was produced in the last three months.
- GDP up = We’re making more stuff
- GDP down = May signal job cuts or higher prices
Investors, businesses, and policymakers worldwide watch this number closely.
Friday: Rising Prices and Bitcoin Moves
A jam-packed Friday:
- February US PCE Inflation
Inflation = when things cost more. This number shows how fast prices for everyday goods are rising. The Federal Reserve uses this to decide whether to raise or cut interest rates.- Fast inflation = Could lead to higher loan and credit costs
- Low inflation = Easier for people to spend
- Fast inflation = Could lead to higher loan and credit costs
- Bitcoin Options Expiry
Over 11.67 billion USDT worth of Bitcoin options expire. The key price? 85k, the “max pain” point, where most bets lose money. Expect price swings as traders fight it out.
A Quick Note: Tariffs in 10 Days
In 10 days (April 2nd), we may see the impact of President Trump’s reciprocal tariffs day. While details aren’t final, it could bring new taxes on imported goods, possibly putting more turbulence in the markets.
Final Thoughts
This week’s reports act like puzzle pieces:
- Busy factories + confident shoppers + strong home sales = healthy economy
- High inflation + slowing GDP = potential slowdown
For crypto, it’s a key week: Bitcoin volatility is likely.
Whether you’re managing your money, following global trends, or just crypto-curious, this is a week to watch.
This article is not financial advice. Markets can change fast, and it’s important to do your own research before making decisions. For more simple explanations and deeper insights, check out blog.millionero.com.
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