The Federal Open Market Committee (FOMC) of the Federal Reserve will announce its interest rate decision in the early hours of July 30, Beijing time. This meeting will not include the Summary of Economic Projections or the dot plot.Analysts believe that, given the Fed’s decision at its June meeting to maintain the target interest rate range at 3.50%–3.75% and its statement that future action would depend on incoming data, the wording of this meeting’s statement and Chairman Kevin Warsh’s press conference will be the focus of market attention.

This decision will kick off a series of economic data releases and crypto-related events over the next two weeks. On the evening of July 30, the U.S. Bureau of Economic Analysis will release the June Personal Income and Outlays report (including the PCE price index) and preliminary second-quarter GDP figures.On the same day, MicroStrategy—which holds significant holdings on the cryptocurrency exchanges Coinbase and Bitcoin—will release its second-quarter earnings report. Additionally, the last Friday of July (July 31) will mark the monthly options expiration on the Deribit platforms Bitcoin and Ethereum.

In August, the U.S. Bureau of Labor Statistics will release the July employment report (nonfarm payrolls, unemployment rate, average hourly earnings) on August 7 and the July Consumer Price Index (CPI) on August 13.Market analysts note that this flurry of economic releases could lead to repricing of interest-rate-sensitive assets—including Bitcoin and Ethereum—and impact broader risk sentiment.