This Week’s Economic Calendar Summary Macroeconomic data was the main driver of price action in global markets this week. U.S. inflation came in above expectations, while producer inflation also remained strong. In addition, resilient retail sales showed that an economic slowdown has yet to become clear. In the energy market, Brent crude rising as high as $110 heightened concerns that inflationary pressures may not ease anytime soon. This flow of data strengthened expectations that the Fed could keep policy tight for longer, putting pressure on crypto assets. $BTC