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This week is proving to be significant for September, with several key developments set to occur in the upcoming days.
From inflation figures to interest rates, let’s take a closer look at the three key items to monitor this week.
Monday
An important hearing is taking place today in the case involving the United States Securities and Exchange Commission and Binance. Here’s some background information.
Recently, the Commission asserted that Binance has not provided adequate documentation related to the case, despite having previously consented to expedited discovery. BAM – the entity responsible for Binance’s US operations, has submitted approximately 220 documents, but the SEC contends that many of these consist of “unintelligible” screenshots.
Additionally, both the SEC and Binance have filed a joint protective order aimed at designating sensitive information as confidential.
The hearing, which is set to focus on that protective order, is scheduled for today at 13:00 ET.
Tuesday
Inflation statistics often influence Bitcoin’s price, although it is typically more of a news-driven effect. Last week, the US Bureau of Labor Statistics released updated figures for its Consumer Price Index (the primary metric used to assess inflation in the country), and this week, it is the European Union’s turn to do the same.
Related Posts
The EU is expected to release the following figures on Tuesday – September 19th at 12:00 PM CET:
- Inflation Rate YoY Final
- Inflation Rate MoM Final
- CPI Final
- Core Inflation Rate YoY Final
Wednesday
Wednesday is anticipated to have a more significant effect on the market due to two major events that are likely to influence markets worldwide, not just in the cryptocurrency sector.
The US Federal Reserve will announce its decision regarding interest rates, followed by a press conference with Chairman Jerome Powell.
The schedule is as follows:
- Fed interest rate decision at 2:00 PM ET
- Fed Chair Jerome Powell press conference at 2:30 PM ET.
There is also another deadline on Friday, which may or may not affect the market – it pertains to proposals regarding the potential relaunch of the failed FTX exchange.
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