Delayed CPI Inflation Report Could Impact Crypto Markets This Week

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

Crypto markets consolidated over the weekend with minor gains for major assets, but no signs of renewed bullish momentum yet. Despite the US government shutdown, the coming week will see a key inflation report delayed from September and which will likely be the last major economic data the Federal Reserve receives before its interest rate decision next week.

Last week, Fed Chairman Jerome Powell signaled that the central bank remained on track to cut short-term interest rates again at its next meeting later this month. Meanwhile, the market will continue to monitor Trump’s 100% tariffs on China as of November 1, as noted in Kobeissi’s letter.

Economic events from October 20 to 24

Thursday will see the release of data on existing home sales, but this will have no impact on crypto markets. The big data day is Friday’s release of the Consumer Price Index (CPI) for September, delayed by the government shutdown.

Not only is the CPI report released five days before the Oct. 29 Fed meeting, but it is the first time CPI data will be released on a Friday since January 2018, according to Kobeissi’s letter. The Ministry of Labor said no further releases would be postponed or produced until the closure ends, it added.

“This comes at a crucial time for the Fed, as it debates whether or not to continue rate cuts.”

The October Services PMI report and Michigan consumer sentiment data are also due Friday.

Key events this week:

1. About 10% of S&P 500 companies report earnings

2. US Crude Oil Inventory Data – Wednesday

3. September Existing Home Sales Data – Thursday

4. September CPI inflation data – Friday

5. October Services PMI Data – Friday

6. October MI Consumer Sentiment…

– Kobeissi Letter (@KobeissiLetter) October 19, 2025

Magnificent 7 member Tesla is expected to report earnings on Wednesday, and tech giants Intel and IBM will also do so this week.

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Crypto Market Outlook

Total capitalization edged up 2% over the past 24 hours to $3.85 trillion as of Monday morning in Asia. Bitcoin led the gains, hitting an intraday high of $110,500 during these early trading hours.

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