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\n\t\t\t\t\t\t\t\t\tA busy week lies ahead on the US economic calendar, with more inflation data expected, while the rhetoric in the Middle East is mounting again.\u00a0\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Crypto markets spent the weekend in the red as hopes for a peace deal between the US and Iran remain fragile.<\/p>\n
US equity market futures have opened lower as investors await details of US-Iran talks in Switzerland, according to the Kobeissi Letter.<\/p>\n
Meanwhile, President Trump has ramped up the rhetoric again, posting<\/a> on Truth Social on Sunday:<\/p>\n \u201cIran must immediately stop their highly paid proxies in Lebanon from causing trouble. If they don\u2019t, we\u2019ll hit Iran very hard again, just like we did last week, only harder!!!\u201d<\/p>\n<\/blockquote>\n The week kicks off with June\u2019s S&P Global PMI data on Tuesday, and May\u2019s new home sales figures are out on Wednesday.<\/p>\n However, all eyes are on the May Personal Consumption Expenditures (PCE) report, the Federal Reserve\u2019s preferred inflation measure, due on Thursday.<\/p>\n The data follows last week\u2019s FOMC meeting, where policymakers held interest rates steady while signaling a more inflation-focused monetary policy stance.<\/p>\n If PCE comes in hotter than expected, which is likely given that energy prices are rising, markets could price in fewer rate cuts, and risk assets may face pressure.<\/p>\n \u201cThe June FOMC meeting, with half of the committee leaning toward a tighter policy path, sent a hawkish jolt through markets,\u201d said<\/a> Bloomberg analysts.<\/p>\n \u201cEven though Warsh didn\u2019t submit his own dot for the dot plot, his tone at the news conference seemed notably hawkish to us. A hot PCE inflation reading will likely reinforce that hawkish message.\u201d<\/p>\n<\/blockquote>\n The current odds for a rate hike at the Fed\u2019s next meeting in late July are around 40%, according<\/a> to the CME Fed Watch tool.<\/p>\n More economic data follows on Thursday with the US first-quarter GDP report, shedding light on the rate of economic growth.<\/p>\n June\u2019s Michigan consumer sentiment data and inflation expectations data are due out on Friday, rounding off a busy week for economic reports.<\/p>\n Key Events This Week:<\/p>\n 1. June S&P Global PMI data \u2013 Tuesday<\/p>\n 2. May New Home Sales data \u2013 Wednesday<\/p>\n 3. May PCE Inflation data \u2013 Thursday<\/p>\n 4. US Q1 2026 GDP data \u2013 Thursday<\/p>\n 5. June MI Consumer Sentiment data \u2013 Friday<\/p>\n 6. June MI Inflation Expectations data \u2013 Friday<\/p>\n The\u2026<\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) June 21, 2026<\/a><\/p>\n<\/blockquote>\n Crypto markets spent the weekend<\/a> mostly flat, with total capitalization hovering around $2.3 trillion. More volatility is expected this week, and the path of least resistance is downwards.<\/p>\n Bitcoin has been trading tightly around $64,000, where it is at the time of writing on Monday morning in Asia. There has been a quick dip towards $63,000, but it recovered quickly. The weekly close was at $63,267, forming a support base.<\/p>\n Ether prices remain at multi-year lows, struggling to make any headway above $1,700, while most altcoins are still in retreat.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
Economic Events June 22 to 26<\/h2>\n
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Crypto Market Outlook<\/h2>\n
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