Crypto traders brace for Friday’s delayed US inflation report
Crypto traders are focused on the delayed September US inflation report, expected Friday, which could exceed 3% and impact market sentiment.Summary
Crypto market observers are keenly awaiting the delayed US Consumer Price Index (CPI) report for September, scheduled for Friday release after being postponed due to the government shutdown. Economists forecast a 0.4% monthly rise, leading to a 3.1% annual inflation rate, which would be the first time headline CPI exceeds 3% this year. Analysts suggest that if CPI comes in above 3.1%, rate cut odds might decrease, potentially negatively affecting markets, while figures at or below 3% are seen as ideal for risk-on assets. Despite the inflation data, the Federal Reserve's focus remains largely on the weakening labor market, and the probability of a rate cut next Wednesday remains very high at 98.3%. However, the ongoing government shutdown could still complicate the economic outlook leading up to the Fed's December meeting.
(Source：Cointelegraph)