Significant economic events in January 2025

January 2025 is expected to be a volatile month with a series of events that could affect the global economy, especially financial and cryptocurrency markets. Here are the highlights, which will take place in the first month of 2025.

January 3, 2025: The 119th U.S. Congress officially opens

This event marked the beginning of a new term with changes in the power structure and policy orientation. Investors should pay particular attention to new policies related to taxes, government spending, and cryptocurrency regulation.

For example, if Congress passes legislation to increase taxes on cryptocurrency transactions, this could reduce the attractiveness of this market and put downward pressure on digital currencies.

January 8, 2025: The Fed Releases FOMC Meeting Minutes

FOMC Meeting Minutesis an important source of information to help markets better understand the Fed's view of the economy and the direction of monetary policy in the future.

Investors will pay attention to signals about interest rate increases/decreases, asset purchase programs, and perceptions of inflation, thereby making appropriate investment decisions.

January 9, 2025: Data released on new applications for unemployment benefits in the United States

This is an important indicator that reflects the health of the US labor market. If the number of applications for unemployment benefits rises, it could be a warning sign of a weakening economy.

Conversely, if the number falls, it is a positive signal that the labor market is recovering.

January 10, 2025: US Unemployment Rate Announced

The unemployment rate is one of the most important indicators of the economic situation. This figure directly affects the spending power of the population, which in turn affects economic growth. The market will react strongly to any unexpected change in the unemployment rate.

Last month, the unemployment rate stood at 4.2%. Analysts expect the figure to rise slightly to 4.3 percent this month.

January 15, 2025: US Consumer Price Index (CPI) is published

The CPI is an important measure of inflation. High inflation could force the Fed to raise interest rates to control prices, affecting borrowing costs and business operations. Conversely, low inflation could facilitate the Fed's easing of monetary policy, stimulating economic growth.

• CPI last month (December 2024): 2.7%
• CPI forecast for January 2025:2.3%

January 20, 2025: A day with many important events happening simultaneously

The first is inauguration of the new president of the United States, marking a new chapter in American politics with potential changes in economic and foreign policy. Trump's policies could impact the dollar, international trade and global investment flows.

Followed by event Gary Gensler leaves as chairman of the Securities and Exchange Commission (SEC). This could open a new phase for the cryptocurrency market in the US, especially as Gensler is known for his rather tough views on the sector. Investors expect the SEC under new leadership to take a more open approach to cryptocurrencies, facilitating the development of the market.

In the endWorld Economic Forum 2025, where leaders and experts from around the world will come together to discuss challenges and opportunities in the global economic context. Topics of interest may include economic growth, climate change, technology and international cooperation. The decisions and commitments made at this forum can influence the policies of many countries.

In addition to US economic events, January also has events on ETFs that are awaited by the community:

January 23, 2025: Grayscale awaits decision on Solana ETF

An ETF (Exchange Traded Fund) is an investment fund that is listed and traded on a stock exchange. The launch of the Solana ETF by Grayscale, one of the largest digital asset management companies in the world, could attract large inflows of investment into Solana, increasing liquidity and consolidating the currency's position in the market.

January 25, 2025: Many companies await decision on Solana ETF

The fact that companies such as VanEck, 21Shares, Canary and Bitwise jointly applied for approval of the Solana ETF on November 21, 2024 shows the growing interest of investors in the currency. If approved, these ETFs will contribute to the institutionalization of the cryptocurrency market.

January 29, 2025: The US Federal Reserve (FED) meets and makes a decision on interest rates

This is considered the most important economic event of the month, which has a strong impact on global financial markets. The Fed's decision on interest rates will affect every sector, from securities, bonds to currencies and cryptocurrencies.

CME Group's FedWatch tool now shows an 88.8 percent chance that the U.S. federal target rate will remain in the range of 425 to 450 basis points after the January 29 FOMC meeting.

Markus Thielen, founder of 10x Research, predictsBitcoin will rise in price in early January but may fall slightly ahead of the January 15 inflation data and before the Federal Reserve (FED) meeting on January 29.

He argued that the Fed's interest rate decision was the main risk to Bitcoin's bullish momentum. Although he expects inflation to be lower this year, Thielen believes the Fed will need time to adjust policy.

Thielen expects Bitcoin to trade at $97,000 to $98,000 by the end of January. The return of institutional investors will also be an important factor affecting the price of Bitcoin.