Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
As traders approach another pivotal day for financial markets on Tuesday, July 1, 2025, a series of crucial decisions and economic data releases that could sway market dynamics are expected. Federal Reserve Chair Jerome Powell’s speech, Manufacturing PMI data, ISM Manufacturing PMI, JOLTs Job Openings, and the latest JOLTS report are among the key events that will be closely watched by investors and analysts alike.
Major Economic Events to Watch:
• 9:30 AM ET - Fed Chair Powell Speaks: Federal Reserve Chair Jerome Powell to deliver remarks, potentially offering insights into future monetary policy.
• 9:45 AM ET - Manufacturing PMI (Forecast:52.0, Previous: 52.0): A key indicator of manufacturing sector activity.
• 10:00 AM ET - ISM Manufacturing PMI (Forecast:48.8, Previous: 48.5): Comprehensive measure of manufacturing sector health.
• 10:00 AM ET - JOLTs Job Openings (Forecast:7.450M, Previous: 7.391M): Survey measuring job vacancies in the U.S. economy.
Other Important Economic Events to Watch:
• 10:00 AM ET - Construction Spending (Forecast:-0.1%, Previous: -0.4%): Measures change in total amount spent on construction.
• 10:00 AM ET - ISM Manufacturing Employment (Previous:46.8): Subcomponent of ISM Manufacturing PMI focusing on employment.
• 10:00 AM ET - ISM Manufacturing Prices (Forecast:70.2, Previous: 69.4): Subcomponent of ISM Manufacturing PMI indicating price pressures.
• 1:00 PM ET - Atlanta Fed GDPNow (Forecast:2.9%, Previous: 2.9%): Running estimate of real GDP growth for the current quarter.
• 4:30 PM ET - API Weekly Crude Stock (Previous:-4.277M): Report on U.S. crude oil inventory levels.
Other Economic Events to Watch:
• 8:55 AM ET - Redbook (Previous:4.5%): Measures same-store sales growth in large U.S. general merchandise retailers.
• 10:00 AM ET - ISM Manufacturing New Orders Index (Previous:47.6): Subcomponent of ISM Manufacturing PMI focusing on new orders.
• 10:10 AM ET - IBD/TIPP Economic Optimism (Forecast:50.1, Previous: 49.2): Index measuring economic outlook and confidence.
• 10:30 AM ET - Texas Services Sector Outlook (Previous:-10.1): Survey on business conditions in Texas service sector.
• 10:30 AM ET - Dallas Fed Services Revenues (Previous:-4.7): Indicator of revenue trends in Texas service sector.
For further information and the latest updates, please refer to our Economic Calendar, here.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.