October U.S. data and Fed decisions could drive crypto volatility

  • Federal Reserve will release September FOMC minutes on October 7.
  • The September 15-16 meeting raised interest rates for the first time in over three years.
  • October 14 CPI and October 15 PPI releases follow the minutes.

A series of U.S. economic releases and Federal Reserve decisions over the next month could reshape interest-rate expectations and increase volatility in Bitcoin and the broader cryptocurrency market. After last week's PCE and jobs data, policymakers still need to assess additional information, including CPI, before the next FOMC meeting at the end of October. Minutes from the September 15-16 FOMC meeting are due on Oct. 7 and should offer more detail on officials' views after the Fed raised interest rates for the first time in over three years. September CPI is scheduled for Oct. 14, followed by PPI on Oct. 15. The next rate decision is set for Oct. 28, with the Fed chair's press conference 30 minutes later. Markets will assess both the rate outcome and officials' guidance on the future path of monetary policy.

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