CPI, PPI and the Fed: What to Expect from the Crypto Market in the Week of November 9–13

The week of November 9–13, 2026, includes several macroeconomic events that could influence investors' expectations regarding U.S. monetary policy. The main focus will be on the October Consumer Price Index (CPI) and Producer Price Index (PPI), speeches by Federal Reserve (Fed) officials, and updated forecasts for the oil market.

These publications come amid the recent drop in Bitcoin (BTC) to multi-month lows. Following the sell-off in the stock and cryptocurrency markets, new data may alter the probability assessments of a Fed rate hike at the December meeting.

November 10: U.S. Consumer Price Inflation

On Tuesday, November 10, the U.S. Bureau of Labor Statistics (BLS) will release the Consumer Price Index for October. The data is scheduled for release at 08:30 Eastern Time, or 13:30 London time.

In September, annual inflation was 3.7%, and the monthly increase in consumer prices reached 0.6%. Market participants expect a slowdown in the monthly figure for October.

According to Reuters data as of November 9, the market estimated the probability of a Fed rate hike by 25 basis points in December at approximately 81%. This reflects investors' expectations rather than a decision made by the regulator.

If the October CPI exceeds forecasts, market participants may increase expectations for tighter monetary policy. Such a scenario could support the yield on U.S. government bonds and the dollar while increasing pressure on risk assets, including Bitcoin.

Conversely, lower inflation could lead to a reassessment of expectations regarding further rate hikes.

November 11–12: OPEC Report and U.S. Labor Market

On Wednesday, November 11, the Organization of the Petroleum Exporting Countries (OPEC) will present its monthly report on the state of the global oil market.

The document will contain updated assessments of oil demand and supply. These data are significant for inflation expectations, as a sustained rise in energy prices can increase costs for companies and consumers.

On Thursday, November 12, additional economic indicators will be released in the U.S.:

• At 08:30 Eastern Time – weekly data on initial jobless claims.

• At 10:00 – statistics on existing home sales for October.

Labor market indicators help assess employment stability, while real estate sales reflect the impact of lending conditions on economic activity.

November 13: Producer Price Index and Fed Speeches

On Friday, November 13, at 08:30 Eastern Time, the BLS will release the October Producer Price Index (PPI).

According to market forecasts, the overall PPI may rise by 0.4% for the month after a 1.3% increase in September. For the core index, which excludes the most volatile components, an increase of approximately 0.3% is expected.

PPI reflects changes in prices received by producers for goods and services. A sustained rise in these costs can eventually affect consumer inflation, so the indicator is considered when assessing the Fed's future policy.

An additional source of information will be speeches by Fed officials. According to The Kobeissi Letter, 17 events involving Federal Reserve officials are scheduled for the week.

Among the speakers are Michelle Bowman, Christopher Waller, Michael Barr, and Mary Daly. Their comments may clarify the regulator's stance on inflation, employment, and further rate changes.

The next Federal Open Market Committee (FOMC) meeting will be held on December 8–9. Until then, market expectations may change repeatedly as new economic data becomes available.