24/7 Cryptocurrency News

What Does CPI Mean, Most Important Release Today| Live Update

What does CPI Mean? The Consumer Price Index which will be released today may be the most important data this year.
Published by
What Does CPI Mean, Most Important Release Today| Live Update

The crypto market is seeing a major price movement. The US Bureau Of Labor Statistics has released the Consumer Price Index for the month of September.

The inflation data is worse-than-expected and shows the inflation level is hotter than expected. The Producer Price Index also highlighted a bad picture of inflation in the economy. Experts are expecting further downslides in the crypto market as the Fed is extremely likely to take another step toward restrictive monetary policy.

Advertisement

What Does CPI Mean

The Consumer Price Index measures the change in the price of a basket of goods and services on a Month-on-Month and Year-on-Year basis. It is an important measurement of the inflation levels of the country. The US Federal Reserve takes into account the CPI to make monetary policy decisions.

The Fed’s stance on policy guidance is dictated by consumer prices. Central banks are currently engaging in hawkish measures such as interest rate hikes and offloading their balance sheets. As a result, the stock market is in a major sell-off. The crypto market, which is strongly correlated to the stock market, is also undergoing a rough period.

The Fed has already increased interest rates by four consecutive 75 bps mega hikes. The CME Fed Watch Tool shows the extreme likelihood of a fifth 75 bps hike. Last month, a worse-than-expected CPI resulted in the market pricing in a 100 bps hike. It is very possible that the crypto market sees a similar reaction if the CPI is worse than the forecasts.

Advertisement

Inflation Forecast From Major Corporations

Major corporations manage expectations by releasing their CPI predictions. Goldman Sachs has a slightly higher than the consensus forecast for CPI. The firm expects a 0.41% in core CPI, which is in line with the consensus. However, in the headline CPI, they expect a 0.26% increase which is above the consensus.

Similarly, the Cleveland Fed has a higher than the consensus expectation of the inflation data. Cleveland expects a YoY increase in core CPI of 6.64%.

In most of the previous months., the actual data was higher than the consensus expectation. If it holds true, the crypto market can see a bloodbath. However, if CPI is less-than-expected, a strong crypto rally can be expected.

 

 

Advertisement

Share
Nidhish Shanker

Nidhish is a technology enthusiast, whose aim is to find elegant technical solutions to solve some of society's biggest issues. He is a firm believer of decentralization and wants to work on the mainstream adoption of Blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Analyst Eyes Solana ATH as 21Shares’ SOL-Focused Jupiter ETP Launches on Swiss Exchange

A crypto expert believes that Solana could reach a new ATH due to its improving…

September 30, 2025
  • Ethereum News

Experts Predict Big ETH Rally on Bullish Options, Whales Signal Post-False Break

ETH saw a sudden rebound to $4,200 from $3,800 level after the fourth false break,…

September 30, 2025
  • 24/7 Cryptocurrency News

US Shutdown: Bitcoin, Gold, and Silver Rally as Govt. Shutdown Odds Jump to 85% on Polymarket

Amid high chances of a US shutdown from October 1, hedge assets like Bitcoin, Gold…

September 30, 2025
  • 24/7 Cryptocurrency News

SEC Halts Trading In Solana Treasury Stock QMMM After Share Price Surges 959%- Market Manipulation?

The U.S. SEC has suspended trading in the QMMM stock following a nearly 1,000% increase…

September 30, 2025
  • Bitcoin News

BREAKING: BlackRock Amends Bitcoin ETF (IBIT), Ethereum ETF (ETHA) Amid New Milestone

Financial services giant BlackRock filed with the U.S. Securities and Exchange Commission (SEC) to amend…

September 30, 2025
  • 24/7 Cryptocurrency News

Bloomberg Analyst Says XRP ETF Approval Odds Now 100% as Expert Eyes $33 Rally

Bloomberg analyst Eric Balchunas now says the odds of approval of crypto spot ETFs, including…

September 30, 2025