Delayed CPI Inflation Report Could Impact Crypto Markets This Week
Crypto markets showed minor gains over the weekend but lacked bullish momentum. The delayed September CPI report, now scheduled for Friday, could be pivotal for the Federal Reserve's rate decision next week. This marks the first Friday CPI release since January 2018.
Fed Chair Jerome Powell signaled potential rate cuts at the upcoming meeting. Meanwhile, markets remain watchful of Trump's November 1 tariff deadline on China. Other economic data due this week includes services PMI and Michigan Consumer Sentiment figures.