Federal funds rate
Weighs on cryptoWhat it costs banks to borrow overnight — the price of money, set by the Fed.
Money is getting more expensive. Safe deposits start paying, so there is less reason to hold anything that pays nothing.
Crypto doesn't move on crypto news alone. Interest rates, inflation and jobs decide how much money is willing to take risks, and that sets the weather for bitcoin. Here is what those figures say today, in plain words.
the price of money is rising · the quantity of money is growing · inflation is accelerating.
Bottom line: the signals are mixed. Some figures help risky assets like crypto and others weigh on them, so the economy isn't giving a clear push either way. In weeks like this, crypto tends to move on its own news more than on the economy's.
What it costs banks to borrow overnight — the price of money, set by the Fed.
Money is getting more expensive. Safe deposits start paying, so there is less reason to hold anything that pays nothing.
What the US government pays to borrow for ten years — the price of patience.
Waiting is getting cheaper, which lifts the same assets it was pressing on.
How many dollars exist in deposits and cash — the quantity of money.
There are more dollars looking for somewhere to sit. It is the slowest of these figures and the one with the longest shadow.
The price of everything else, as a level. What matters is how fast it is climbing.
Prices are accelerating, which is the argument for keeping money expensive.
The inflation measure the Fed actually watches, with food and fuel taken out.
The measure that decides policy is going the wrong way.
How many people are looking for work and cannot find it.
A stronger economy, and less pressure to make money cheaper.
| When | Release | Last figure | Expected | What to watch |
|---|---|---|---|---|
|
Nov 10
tomorrow
|
Consumer Price Index October figures |
3.7% a year (Sep 2026) |
CPI m/m 0.3% (prev. 0.6%)
Core CPI m/m 0.2% (prev. 0.3%)
|
Consumer prices. A higher figure than last time is usually read as bad news for crypto, because it keeps interest rates high for longer. A lower one is usually read as good news. |
|
Nov 10
tomorrow
|
Consumer Price Index Excluding Energy Commodities | — | not out yet | |
|
Nov 25
in 16 days
|
Personal Income and Outlays October figures |
3.1% a year (Sep 2026) | not out yet | The inflation measure the Fed watches most. Hotter than last time tends to weigh on crypto; cooler tends to help, because it makes rate cuts more likely. |
|
Nov 25
in 16 days
|
Gross Domestic Product Q3 2026, second estimate |
— | not out yet | A revised version of the growth figure first published in October. Revisions are usually small and rarely move prices; only a big change to the first estimate would. |
|
Dec 4
in 25 days
|
Employment Situation November figures |
4.1% (Oct 2026) | not out yet | The US jobs report. A jump in unemployment makes rate cuts more likely, which crypto usually likes, but it also means a weaker economy, which it doesn't. Big surprises either way tend to move prices the same day. |
|
Dec 10
in 31 days
|
Consumer Price Index Excluding Energy Commodities | the previous one, out Nov 10 | not out yet |
Bitcoin fell both while waiting and once the figure was out.
Little happened while waiting. Bitcoin fell once the figure was out.
Little happened while waiting. Bitcoin fell once the figure was out.
Little happened while waiting. Bitcoin rose once the figure was out.
Bitcoin fell in the week the date was already known; the figure itself added little.