{"id":138809,"date":"2024-10-07T15:30:53","date_gmt":"2024-10-07T12:30:53","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138809"},"modified":"2024-10-07T13:54:22","modified_gmt":"2024-10-07T10:54:22","slug":"key-u-s-economic-events-this-week-that-could-impact-the-crypto-market","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/key-u-s-economic-events-this-week-that-could-impact-the-crypto-market\/","title":{"rendered":"Key U.S. Economic Events This Week That Could Impact the Crypto Market"},"content":{"rendered":"
This week, all eyes are on the Consumer Price Index (CPI) report for September from the U.S. Bureau of Labor Statistics, scheduled for release on Thursday, October 10. Economists predict a 0.1% rise in overall inflation, while core CPI, which excludes food and energy costs, is anticipated to increase by 0.2%.<\/p>\n
Year-over-year, the core CPI is expected to decline to 2.3%, with underlying inflation projected to hold steady at 3.2%. Should the results exceed expectations, Bitcoin<\/a><\/strong> could face downward pressure as rising inflation may restrict the Federal Reserve\u2019s ability to lower interest rates.<\/p>\n Additionally, the Bureau will publish the core Producer Price Index (PPI), which tracks wholesale inflation. A rise in the PPI could indicate increasing input costs, potentially affecting cryptocurrency mining and processing operations.<\/p>\n