A delayed CPI inflation report could impact crypto markets this week

The U.S. government remains closed, which has hampered the availability of economic data, hampering policymakers’ ability to make decisions.

Crypto markets consolidated this weekend with small gains for major assets, but no signs of renewed bullish momentum yet. Despite the US government shutdown, an important inflation report next week has been postponed from September. This is likely the last major piece of economic data the Federal Reserve will receive before its interest rate decision next week.

Last week, Fed Chairman Jerome Powell indicated that the central bank remains on track to cut short-term interest rates again at its next meeting later this month. Meanwhile, the market will continue to watch Trump’s 100% tariff on China, the November 1 deadline, as evidenced by the Kobeissi letter.

Economic events October 20 to 24

Existing home sales data will be released on Thursday, but this will not impact the crypto markets. The big data day is Friday, the publication of the consumer price index (CPI) for September, delayed by the government shutdown.

Not only does the CPI report come out five days before the Oct. 29 Fed meeting, but it also marks the first time since January 2018 that CPI data has been reported on a Friday. according to to the Kobeissi letter. The Labor Department has said no other releases will be moved or produced until the shutdown ends, it added.

“This comes at a very crucial time for the Fed as they debate whether to continue rate cuts.”

The October Services PMI report and Michigan Consumer Sentiment data also come out on Friday.

Main events this week:

1. ~10% of S&P 500 companies report profits

2. US Crude Oil Inventory Data – Wednesday

3. Data on existing home sales in September – Thursday

4. September – Friday CPI inflation data

5. October Services PMI Data – Friday

6. October MI Consumer sentiment…

— The Kobeissi Letter (@KobeissiLetter) October 19, 2025

The beautiful seven-member Tesla will report earnings on Wednesday, and tech giants Intel and IBM will also report this week.

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Crypto Market Outlook

Total capitalization rose 2% in the past 24 hours, reaching $3.85 trillion in Asia on Monday morning. Bitcoin led the gains, hitting an intraday high of $110,500 during these early trading hours.

Ether prices also rose as the asset regained the coveted $4,000 level. Altcoins were mostly in the green with bigger gains for Dogecoin, Cardano, Chainlink and Sui. Meanwhile, analysts remain confident that the bull market is not over yet.