Global Stock News

Crypto Market, Stocks, and ETFs Build Momentum Ahead of US CPI Print, China-US Meeting

Crypto Market, Stocks, and ETFs Build Momentum Ahead of US CPI Print, China-US Meeting

All eyes on US CPI: a cooler inflation reading could spark Fed rate cuts, new ETF inflows, and a fresh crypto market rally. | Credit: CCN.
All eyes on US CPI: a cooler inflation reading could spark Fed rate cuts, new ETF inflows, and a fresh crypto market rally. | Credit: CCN.

Key Takeaways

  • The US CPI data could be the key catalyst for crypto bulls in the last week of October.

  • The bullish scenario could lead to favorable rate cuts, while bearish data could delay it.

  • The crypto market, ETFs, and equities have turned bullish this week.

It’s not every day that markets hang on to a single data release — and on a Friday, no less.

With the U.S. government shut down for a third straight week, nearly all official economic reports are frozen.

That leaves the September Consumer Price Index (CPI) as the lone piece of data standing between investors and…

Source link

Share this article

Scroll to Top