A packed U.S. macro calendar in October could shift rate expectations and add volatility to Bitcoin and the broader crypto market, according to Techub, citing CryptoPotato. The schedule starts on Oct. 7, when the Federal Reserve is set to release minutes from its September Federal Open Market Committee, or FOMC, meeting. That will be followed by September Consumer Price Index, or CPI, data on Oct. 14, then September Producer Price Index, or PPI, and retail sales figures a day later.
The month’s biggest policy event is scheduled for Oct. 28, when the Fed will conclude its two-day FOMC meeting and publish a policy statement. Fed Chair Kevin Warsh is then expected to hold a press conference. On Oct. 29, the U.S. will also release an advance estimate for third-quarter GDP along with a September personal income and outlays report that includes the PCE inflation gauge. CryptoPotato said those releases could reshape expectations for the Fed’s year-end meetings.
A string of U.S. macro events in October could alter interest-rate expectations and increase volatility in Bitcoin and the wider crypto market, according to Techub, which cited CryptoPotato.
The key dates begin on Oct. 7, when the Federal Reserve is set to publish the minutes of its September Federal Open Market Committee, or FOMC, meeting. On Oct. 14, the U.S. is due to release September Consumer Price Index, or CPI, data. On Oct. 15, September Producer Price Index, or PPI, figures and retail sales data are scheduled for release.
Late-October Fed decision and fresh economic readings
On Oct. 28, the Federal Reserve will wrap up its two-day FOMC meeting and issue a policy statement. Fed Chair Kevin Warsh will then hold a press conference.
The following day, Oct. 29, the U.S. is also set to publish an advance reading of third-quarter GDP and its September personal income and outlays report, which includes the PCE inflation measure. CryptoPotato said those releases could reshape expectations for the Federal Reserve’s meetings later this year.
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