Bitcoin hovers around $83,000 as three major events await markets on Wednesday. The US Consumer Price Index for September, due at 2:30 PM Paris time, is expected to show an acceleration to 3.6% year-over-year according to consensus, versus 3.4% in August, while core inflation would slow to 2.5%. Third-quarter results from Bank of America, Morgan Stanley and BlackRock will be released before Wall Street opens, with per-share earnings estimates of $1.16, $3.17 and $14.40 respectively. The Fed’s Beige Book, expected at 8 PM Paris time, will provide a snapshot of the real economy ahead of the October 27-28 meeting, as the odds of another rate hike have fallen to 22% according to CME FedWatch.
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