This week we will have some key data being released. On Tuesday in the US, we will have retail sales and manufacturing survey. These data will serve as pulse checks for economic health and will provide guidelines to policymakers on interest rates. On Wednesday, the Fed will meet again to determine the direction of the monetary policy. The market expects no immediate change but is nevertheless curious to know about policymakers’ attitudes on inflation and the job market. Moreover, based on a recent Reuters poll, nearly 60% of the economists expect that tapering will happen in the next quarter. Investors should prepare for volatility ahead.
In the cryptocurrency market, Bitcoin climbed back to $40,000 again on Tuesday. This was the first time it traded above $40,000 in more than two weeks. Earlier in the week, Elon Musk tweeted that Tesla would resume its acceptance on Bitcoin once miners confirm the usage of renewable energy.