Crypto News Today (Live) Updates October 20

This week is packed with market-moving events! Around 10% of S&P 500 firms report earnings, while U.S. crude oil inventories arrive Wednesday. On Thursday, watch for September existing home sales, followed by a triple data drop Friday CPI inflation, Services PMI, and Consumer Sentiment. With just one week until the Fed meeting, traders are bracing for major volatility as these numbers could shape the Fed’s next move on rate cuts.

The U.S. will release CPI inflation data this Friday during the government shutdown. It’s the first Friday CPI release since 2018, landing just five days before the Fed’s October 29 meeting. With no other economic data expected until the shutdown ends, all eyes are on this report, and rumors suggest it could be a bullish CPI surprise that shakes up Fed rate-cut debates.