Bitcoin remains stable around $84,000 as two US statistics and two Fed governor speeches dominate the day. August JOLTS job openings, expected at 7.225 million versus 7.3 million in July, and consumer confidence, forecast at 90 after 89.4 in August, will be examined to anticipate further monetary policy decisions. Michael Barr speaks from Detroit on the state of the economy while Christopher Waller addresses the Sibos conference in Miami on payments and stablecoins. The US 10-year yield stays above 5% for the first time since 2007, with markets pricing in two additional rate hikes by December according to the CME FedWatch tool. Key upcoming events include Wednesday’s PCE inflation data and Friday’s employment report with 98,000 job creations expected.
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