According to CoinMeta, institutional analysis indicates that with the release of the inflation reports for CPI and PPI, economists can now submit their forecasts for the inflation indicator favored by the Federal Reserve – Personal Consumption Expenditures (PCE). Although the data on Friday fell slightly below analysts' expectations, high price pressures have still strengthened market participants' expectations for a rate hike at the Fed's next meeting. The Oxford Institute for Economics stated in a report: "The overall rise in prices will push the annual inflation rate in October (PCE) to 3.8%, up from 3.6% in September."