Markets rebounded strongly following last week’s Federal Reserve pivot and the premise of more liquidity being injected.levels, closing on $2.5 trillion again over the weekend and going back to the middle of its range-bound channel.. “After several weeks of nonstop economic and inflation data, markets get to digest this week,” commented the Kobeissi Letter.
Investors and analysts eye this data as the change in consumer credit has a strong correlation with both consumer confidence and expenditures. Friday will see the preliminary reading of May’s Michigan Consumer Sentiment Index, a report that provides the results of a monthly survey of consumer confidence levels.
There are several major earnings reports released this week, but none of them are related to digital asset markets.Crypto markets are up 1.7% on the day to reach $2.49 trillion during the Monday morning Asian trading session.
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