Next week, the U.S. economic data will be released intensively, with the CPI becoming a turning point for the US dollar and the crypto market.

【CryptoWorld】The Federal Reserve is expected to cut interest rates this week as scheduled, releasing an unexpectedly dovish signal. However, the real challenges in the AI sector make the performance of US stocks and bond markets quite complex—there are gains and declines, with clear divergence. The true test is coming: next week, the US Department of Labor will release key data on Non-Farm Payrolls, Consumer Inflation, and Retail Sales, which will directly determine the next direction of the dollar and the cryptocurrency market.

Let’s look at the key dates next week:

Monday evening, the New York Federal Reserve’s Manufacturing Index will be announced, followed by speeches from Federal Reserve Board member Mester and New York Fed President Williams on economic outlook. These set the stage for the upcoming data.

Tuesday is the main event—the unemployment rate, Non-Farm Payrolls, and Retail Sales data will be released. These figures provide the most direct insight into the true state of the US economy.

Wednesday and Thursday will feature CPI data, initial unemployment claims, and the Philadelphia Federal Reserve Manufacturing Index, among other indicators.

Among these, the CPI data released on Thursday is the most critical. Currently, the latest CPI remains around 3%, still above the Federal Reserve’s 2% target. If CPI remains high, the Fed might hold back on rate cuts; conversely, if CPI falls as expected or even below expectations, it will confirm the necessity of this rate-cutting cycle. The dollar could weaken, opening up room for Bitcoin and other digital assets to rise.

In short, next week’s US economic data will be a watershed for the dollar’s movement and will indirectly influence the rhythm of the entire crypto market.