Events like the release of U.S. Personal Consumption Expenditures (PCE) inflation data, FOMC minutes, and the revised Q3 GDP report are anticipated to provide critical insights into the health of the U.S. economy and monetary policy direction. These developments come at a time when Bitcoin and altcoins have seen robust rallies, raising questions about whether the momentum will hold or give way to volatility.<\/p>\n
The FOMC minutes, due on Tuesday, November 26, will be a focal point for investors, especially given recent signals that the Federal Reserve may move away from its 2% inflation target. Coupled with GDP figures set for release on Wednesday, these updates will provide a clearer picture of economic trends, potentially impacting both traditional and crypto markets.<\/p>\n
PCE inflation data, also expected midweek, is forecasted to remain steady at 0.2% monthly but could show a year-over-year increase to 2.3%, suggesting persistent inflationary pressures. Core PCE inflation, which excludes volatile sectors, is projected to climb to 2.8%.<\/p>\n