Crypto traders brace for Friday’s delayed US inflation report
September’s inflation data, which has been delayed by the government shutdown, is expected to be high at 3.1% but it is unlikely to stop momentum for Fed rate cuts.
Crypto market observers have locked their gaze on the delayed US inflation report for September, which is expected to be published on Friday and to exceed 3% for the first time in 2025, which could have a knock-on effect on crypto markets.
The US Bureau of Labor Statistics is scheduled to publish the Consumer Price Index (CPI) for September on Friday. It has been delayed due to the ongoing government shutdown, which is now in its 24th day.
Economists forecast that September inflation rose 0.4% monthly and 3.1% annually, so it would be the first time headline CPI would exceed 3% this year, according to Trading Economics.