🇺🇸 JUST IN: US PPI CAME IN COOLER
US producer prices were unchanged in July, coming in below the 0.2% increase economists expected.
That’s another softer inflation signal for markets.
Headline PPI also slowed to 4.7% YoY, down from 5.5% in June.
For crypto, softer inflation can improve the rate-cut narrative and potentially support risk assets.
Macro is giving bulls something to watch 👀
$BTC $NVDAB
#PPI #Inflation #Crypto #Bitcoin #Macro
US producer prices were unchanged in July, coming in below the 0.2% increase economists expected.
That’s another softer inflation signal for markets.
Headline PPI also slowed to 4.7% YoY, down from 5.5% in June.
For crypto, softer inflation can improve the rate-cut narrative and potentially support risk assets.
Macro is giving bulls something to watch 👀
$BTC $NVDAB
#PPI #Inflation #Crypto #Bitcoin #Macro