According to @StockMKTNewz, CNBC reports the U.S. Bureau of Labor Statistics canceled the October CPI release, leaving the Federal Reserve without that inflation print before its next policy decision (source: @StockMKTNewz; source: CNBC). CPI is a key gauge repeatedly referenced in FOMC statements for assessing progress toward price stability, so its absence raises data uncertainty for policymakers and markets ahead of the meeting (source: Federal Reserve FOMC Statement; source: Federal Reserve Monetary Policy Report). Traders can monitor CME Fed funds futures for shifting rate odds, the U.S. dollar index and 2-year Treasury yield for risk appetite, and BTC and ETH options implied volatility for potential macro-driven crypto moves (source: CME Group FedWatch; source: U.S. Department of the Treasury; source: Cboe Digital).

According to @ReutersBiz, TSX futures were steady as investors awaited interest rate decisions from the Bank of Canada and the U.S. Federal Reserve. According to @ReutersBiz, the update highlights a wait-and-see tone in Canadian equity markets ahead of the BoC and Fed rate decisions.

According to Mihir (@RhythmicAnalyst), market consensus and expert forecasts indicate no interest rate cut is expected from the Federal Reserve today, with most analysts pricing in a hold decision. Mihir notes a personal preference for a 0.25% rate cut, but this is not reflected in current market expectations (source: Twitter, May 7, 2025). For crypto traders, a rate hold may maintain current levels of dollar strength and liquidity, potentially limiting upside momentum for Bitcoin and altcoins in the short term. Traders should watch for any unexpected dovish signals from the Fed, as an unexpected cut could trigger a rapid risk-on rally in major cryptocurrencies.