Bitcoin holds near $83K ahead of CPI, bank earnings and Fed Beige Book
- —September CPI consensus: +0.6% m/m and 3.6% y/y vs 3.4% in August
- —Core inflation expected at +0.2% m/m and 2.5% y/y
- —CME FedWatch: 22% odds of a rate hike on October 28
- —BofA, Morgan Stanley and BlackRock report before the Wall Street open
Why it matters: A hot CPI print or hawkish Beige Book would lift yields and the dollar, adding pressure on bitcoin into the Fed's October 28 meeting.
Source: Journal du Coin