Quick Facts:
1️⃣ US government shutdown has frozen key economic data, making the Fed reliant solely on Friday’s CPI data release. 2️⃣ The Friday release is unusual – the first since 2018 3️⃣ Markets see a 98.4% chance of a 25 bps rate cut, a smaller chance of a 50 bps cut. 4️⃣ Any cut could fuel momentum in the best crypto to buy – including $HYPER, $MAXI, and $BTC.
The US Federal shutdown is starting to impact key information delivery dates – and the move has major implications for crypto and beyond.
A U.S. federal shutdown has frozen other key data releases, including jobs data and sales info, leaving the Fed unusually reliant on CPI to guide the October decision.
Surveys point to slower inflation vs. August, but uncertainty is high without corroborating data, which now won’t be released thanks to the government shutdown.
Two quirks make Friday’s release unusually market-moving: it’s a rare Friday CPI, and it comes amid an ongoing government shutdown that has delayed many other federal statistics. That leaves the Fed with fewer data points than usual, concentrating attention on CPI as the swing factor for October’s decision.
Everything’s riding on the CPI data now, making a major last-minute swing possible. A number of scenarios could play out:
The presale, currently at $3.6M, is set to pour 40% of the entire token allocation into marketing. Add in another 25% in the Maxi Fund – reserved for the biggest and best marketing opps – and well over half of all $MAXI tokens are set aside to promote the project.
Will Bitcoin surge after the CPI data release on Friday?
‘Uptober’ saw a new all-time high for Bitcoin, but it never sustained those gains, tumbling quickly to spend the last few days trading around $110K.
Macroeconomic headwinds account for most of that decline, and the CPI data could be just the thing to kickstart a new Bitcoin surge.
But because of the shutdown, CPI is the single major datapoint heading into the late-October meeting. Markets already lean toward a 25 bps cut; a soft print could open the door to a more aggressive discussion, while a hot print muddies the outlook.
