US BLS Cancels Oct CPI; November Report Set for Dec 18
The US Bureau of Labor Statistics (BLS) has canceled the release of October’s Consumer Price Index (CPI) report. The November CPI is now scheduled to be published on December 18. Likewise, the October real income report is postponed, with the November edition due the same day. The third-quarter Employment Cost Index will be released on December 10. This inflation report delay could introduce uncertainty around inflation expectations and Fed policy timelines. Traders should adjust plans for potential volatility ahead of these revised release dates.
Neutral
The postponement of key US inflation and income data adds uncertainty for traders but lacks directional bias. While data delays are uncommon and can fuel short-term volatility, they do not inherently signal a bullish or bearish trend for cryptocurrencies. Without fresh CPI readings, markets may remain range-bound until the December 18 release. In the long term, fundamental drivers like monetary policy outlook and macroeconomic indicators will take precedence once data is available.