U.S. inflation, corporate earnings: Crypto Week Ahead - Cryptonews.net

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U.S. inflation data sets the tone this week as October’s consumer price index is due Tuesday, a month after a gasoline-driven 0.6% monthly jump took annual inflation to 3.7%, its highest since May. Economists expect a smaller 0.2% rise in October, according to FactSet estimates. Producer prices follow on Friday after climbing 6.3% from a year earlier in September, the biggest annual gain in more than three years. Hotter readings would strengthen the case for higher interest rates, which make risk assets like cryptocurrencies less attractive. Several crypto firms are also reporting earnings this week, providing further insights into the market.