Bitfinex Lists 17 Macro Catalysts That Could Move Bitcoin in October

Bitfinex wrote:

“What October settles is not whether the backdrop is hostile. It is whether that bid is deep enough to keep paying for it.”

The 17 Macro Catalysts on Bitfinex’s Calendar

Bitfinex’s October catalyst calendar includes several inflation and spending releases ahead of the month’s central monetary policy decision. The Federal Reserve meets Oct. 27-28, with its rate announcement scheduled for Oct. 28. Bitfinex identifies the Oct. 14 Consumer Price Index release as the month’s largest single event, showing whether costs the Fed cannot reach are still lifting prices.

The first six releases begin with the September employment report on Oct. 2, followed by the University of Michigan’s preliminary consumer sentiment reading on Oct. 9 and September existing-home sales on Oct. 13. September’s Consumer Price Index arrives Oct. 14, while the Producer Price Index and advance retail sales follow Oct. 15.

Seven more events concentrate near month’s end: September durable goods, new-home sales, and Conference Board consumer confidence on Oct. 27; the Federal Open Market Committee’s rate decision on Oct. 28; September personal consumption expenditures inflation and the advance third-quarter gross domestic product estimate on Oct. 29; and the third-quarter Employment Cost Index on Oct. 30.