πŸ– Macro Watch | Sep 08 – 14, 2025

U.S. inflation, ECB rates, and UK growth take center stage this week.
Here are the most crypto-relevant macro events to watch this week:

πŸ—“ Wednesday, September 10
πŸ‡ΊπŸ‡Έ PPI (MoM - Aug) – πŸ•• 12:30
β€ƒβ€ƒβ€ƒπŸ’‘ Consensus: 0.3% | Previous: 0.9%
πŸ‡ΊπŸ‡Έ 10-Year Note Auction – πŸ•• 17:00
β€ƒβ€ƒβ€ƒπŸ’‘ Previous: 4.255%

πŸ—“ Thursday, September 11
πŸ‡ͺπŸ‡Ί ECB Deposit Facility Rate (Sep) – πŸ•• 12:15
β€ƒβ€ƒβ€ƒπŸ’‘ Consensus: 2.00% | Previous: 2.00%
πŸ‡ͺπŸ‡Ί ECB Main Interest Rate (Sep) – πŸ•• 12:15
β€ƒβ€ƒβ€ƒπŸ’‘ Consensus: 2.15% | Previous: 2.15%
πŸ‡ΊπŸ‡Έ Core CPI (MoM - Aug) – πŸ•• 12:30
β€ƒβ€ƒβ€ƒπŸ’‘ Consensus: 0.3% | Previous: 0.3%
πŸ‡ΊπŸ‡Έ CPI (YoY - Aug) – πŸ•• 12:30
β€ƒβ€ƒβ€ƒπŸ’‘ Consensus: 2.9% | Previous: 2.7%
πŸ‡ΊπŸ‡Έ CPI (MoM - Aug) – πŸ•• 12:30
β€ƒβ€ƒβ€ƒπŸ’‘ Consensus: 0.3% | Previous: 0.2%
πŸ‡ΊπŸ‡Έ Initial Jobless Claims – πŸ•• 12:30
β€ƒβ€ƒβ€ƒπŸ’‘ Consensus: 234K | Previous: 237K
πŸ‡ͺπŸ‡Ί ECB Press Conference – πŸ•• 12:45

πŸ‡ΊπŸ‡Έ 30-Year Bond Auction – πŸ•• 17:00
β€ƒβ€ƒβ€ƒπŸ’‘ Previous: 4.813%

πŸ—“ Friday, September 12
πŸ‡¬πŸ‡§ GDP (MoM - Jul) – πŸ•• 06:00
β€ƒβ€ƒβ€ƒπŸ’‘ Consensus: 0.0% | Previous: 0.4%
πŸ‡©πŸ‡ͺ German CPI (MoM - Aug) – πŸ•• 06:00
β€ƒβ€ƒβ€ƒπŸ’‘ Consensus: 0.1% | Previous: 0.1%


πŸ€” Why it matters:
Thursday is the big day: hotter U.S. CPI could shake Fed cut bets, while ECB’s steady stance and Lagarde’s tone will guide EUR. UK GDP stalling keeps GBP under pressure. Bond auctions test investor appetite as yields rise.

πŸ”” Mark your calendars. Markets are watching every word.

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