Overview
- The Bureau of Labor Statistics will publish the delayed September CPI at 8:30 a.m. ET on Friday, October 24, despite the ongoing government shutdown.
- It will be the first Friday CPI release since January 2018 and arrives just five days before the Federal Reserve’s October 28–29 meeting.
- Officials said no other major federal economic reports will be released until regular government services resume, concentrating market focus on this print.
- Rate futures heavily favor a 25 basis-point cut, with coverage citing roughly 98% odds, while a softer or hotter surprise could shift probabilities and ripple through risk assets.
- Analysts expect a muted reaction if CPI matches forecasts near 3.0%–3.1% year over year, though crypto looks more sensitive with Bitcoin near $107,000–$111,000 and total market cap around $3.71 trillion.