Market participants await the November CPI release on December 18, with disruption from the prior U.S. government shutdown complicating price data collection. Because October’s CPI and most month‑on‑month sub-items were incomplete, the reference value for November may carry limited interpretive weight, shifting analysts’ attention to December inflation figures. Street consensus points to year‑over‑year CPI at about 3.1% and a 3.0% core CPI, signaling a mild rebound trend that aligns with the late‑year macro backdrop.

In crypto markets, inflation data and the dollar trajectory influence risk appetite and liquidity. A cooler inflation print can bolster a softening of policy expectations and support a risk-on tilt for Bitcoin and other digital assets, while data revisions introduce volatility. Traders should monitor the CPI trajectory as part of a broader macro framework, combining with other indicators to assess potential shifts in Fed policy and capital flows into crypto equities and tokens.