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Even in the face of a government shutdown, the U.S. Bureau of Labor Statistics is doing everything possible to prepare the Consumer Price Index for September (CPI) data. This report, originally scheduled for release on October 15, has been delayed but is expected to be published by the end of the month. This urgent arrangement is due to legal requirements that mandate data related to Social Security benefit adjustments be determined before November.
For the cryptocurrency market, this CPI report could become a key turning point. If the inflation data is higher than expected, the Federal Reserve may maintain or strengthen its tightening policy stance, which could put pressure on cryptocurrencies like Bitcoin that are viewed as high-risk assets. Conversely, if the inflation data is lower than expected, it may enhance market expectations for future rate cuts by the Federal Reserve, potentially driving cryptocurrency prices up.