US inflation expectations rose to 4.7% in October; markets are focused on the Federal Reserve's interest rate meeting.

A University of Michigan survey released on October 23 showed that U.S. household inflation expectations for the next year rose to 4.7%, with long-term expectations rising to 3.5%, and the consumer confidence index at 48.0. This data was released ahead of the Federal Reserve's October 27-28 policy meeting, and the market is focused on the impact of tightening policies on crypto assets.