Bitcoin’s Fed Week Starts With A Fresh Rise In US Inflation Expectations

TL;DR: US household inflation expectations rose in October while consumer sentiment barely changed. The readings add context ahead of the Federal Reserve’s October 27–28 meeting, without establishing a rate decision or a Bitcoin price direction. American households expect prices to rise faster over both the next year and the longer run, according to the University of Michigan’s final October survey. For Bitcoin traders heading into another Federal Reserve decision, the release adds an inflation concern to an already important policy week. The university’s October 23 results put year-ahead inflation expectations at 4.7%, up from 4.6% in September. Long-run expectations increased from 3.4% to 3.5%. Both measures rose for a second consecutive month and reached their highest readings since May. Consumer sentiment was almost unchanged at 48.0, compared with 48.1 in September. Beneath that steady headline, the current-conditions index fell to 46.7 while the expectations index improved to 48.8. The university linked weaker conditions for buying durable goods to affordability concerns and higher interest rates. A policy meeting with competing pressures The Fed’s published calendar places i...