🚨 BREAKING: US PPI DATA RELEASED
US July PPI came in COOLER than expected, reinforcing hopes that inflationary pressures are easing:
📊 Core PPI MoM: 0.2% vs 0.3% est.
📊 Core PPI YoY: 4.2% vs 4.2% est.
📊 PPI MoM: 0.0% vs 0.2% est.
📊 PPI YoY: 4.7% vs 4.9% est.
🟢 The data is broadly supportive of a more dovish Fed outlook and could strengthen rate-cut expectations.
₿ Bitcoin’s initial reaction: BTC briefly moved higher but remains volatile, trading around $63.5K as the market digests the PPI surprise.
Watch the Fed rate-cut expectations next. 👀
👉Trade $BTC here 👇
US July PPI came in COOLER than expected, reinforcing hopes that inflationary pressures are easing:
📊 Core PPI MoM: 0.2% vs 0.3% est.
📊 Core PPI YoY: 4.2% vs 4.2% est.
📊 PPI MoM: 0.0% vs 0.2% est.
📊 PPI YoY: 4.7% vs 4.9% est.
🟢 The data is broadly supportive of a more dovish Fed outlook and could strengthen rate-cut expectations.
₿ Bitcoin’s initial reaction: BTC briefly moved higher but remains volatile, trading around $63.5K as the market digests the PPI surprise.
Watch the Fed rate-cut expectations next. 👀
👉Trade $BTC here 👇