US PMI Data Due Friday as Crypto Traders Eye Fed Rate Decision

US business activity data will take center stage on Friday as investors assess the health of the world's largest economy ahead of the Federal Reserve's upcoming monetary policy decision. S&P Global will publish its preliminary October US Purchasing Managers Indices (PMIs) data on Friday, October 23, five days before the Federal Reserve’s October 28 policy meeting. The readings could move rate expectations, which tend to shape risk appetite across crypto markets. Forecasts Point to a Slight Cooling From September Highs The S&P Global report covers the Manufacturing, Services and Composite PMIs, which track private-sector business activity.