Fed vs ECB
Global macro dashboard
The US and euro area numbers that drive liquidity and risk appetite in crypto: policy rates, inflation, jobs, yields and the dollar.
Euro area
How to read it
When the Fed rate sits well above the ECB rate, dollar assets pay more and the dollar tends to stay firm, which has often been a headwind for Bitcoin. Watch the next CPI and payrolls prints on the economic calendar: a surprise in either direction moves rate expectations and crypto within minutes.
Sources: Federal Reserve, BLS and US Treasury via FRED; ECB Data Portal; Eurostat via FRED. Latest official releases, updated every few hours.
Questions traders ask
Why do crypto traders follow the Fed and the ECB?
Interest rates set the price of money. Higher real yields and a stronger dollar tend to pull liquidity out of risk assets including Bitcoin, while rate cuts and a weaker dollar have historically supported it.
What is the difference between CPI and HICP?
CPI is the US consumer price index. HICP is the harmonised index of consumer prices used by the ECB for the euro area. Both are shown as year-on-year change.
How often is this page updated?
Rates and yields update daily, inflation and jobs data monthly after each official release.