As we enter April, the global economy is in the spotlight as investors and economists closely monitor upcoming events that could have a significant impact. To stay informed, here are some important dates to keep in mind.
US Nonfarm Payrolls (April 7)
On April 7, the US Nonfarm Payroll report will be released, providing insight into the state of the US labor market. The report will reveal the number of new jobs added in March, as well as the unemployment rate. The data is significant as it can affect both the stock market and the value of the US dollar.
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Shanghai Update from ethereum (April 12th)
the long awaited ethereum shanghai update It will take place on April 12. This update aims to improve the efficiency and security of the Ethereum blockchain, which is the backbone of many decentralized finance (DeFi) applications. Perhaps the most impressive development that the fork will bring is that it will allow participants and validators to withdraw assets from the Beacon Chain. The upgrade is expected to have a positive impact on the Ethereum ecosystem, which could increase the value of ETH.
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FOMC Minutes (April 12)
The same day that the Ethereum update arrives, the Federal Open Market Committee (FOMC) will publish the minutes of its last meeting. The FOMC is the branch of the US Federal Reserve that is responsible for setting monetary policy. Investors will closely watch the minutes for information on the Fed’s plans for interest rates and economic stimulus.
CPI data release (April 12)
The Consumer Price Index (CPI) measures the change in the prices of goods and services purchased by consumers. On April 12, the US Bureau of Labor Statistics will release CPI data for March. The CPI is an important indicator of inflation, which can affect the value of currencies and the stock market.
PPI Data Release (April 13)
The Producer Price Index (PPI) measures the change in the prices of goods and services at the producer level. March PPI data will be released on April 13. These data are important to investors as they can provide insight into future inflation trends.
GDP report (April 27)
On April 27, the US Bureau of Economic Analysis will release the first estimate of Gross Domestic Product (GDP) for the first quarter of 2023. GDP is a measure of economic activity in a country, and the report will provide information about the strength of the US economy. Investors will closely watch the report for signs of growth or contraction.
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