How Will the US Inflation Report Affect Bitcoin, Ethereum, and XRP?

Expected Consumer Price Index in the US for September

The Consumer Price Index (CPI) data for September is expected to show an increase of 3.1% compared to a year ago. This will be the highest level in the last 18 months.

Analysts predict that the CPI data will not deter the Federal Reserve from reducing interest rates by a quarter point next week.

Possible Changes in Cryptocurrencies

Ethereum is expected to experience larger price fluctuations than Bitcoin. Following the release of the CPI data, the predicted price movement for Ethereum is 2.9%, whereas for Bitcoin, this figure is forecasted to be 1.4%.