August PPI came in with a mixed inflation signal.
Headline producer inflation jumped to 5.4% YoY, but core PPI rose only 0.2% MoM, below expectations.
The headline number keeps inflation concerns alive, while softer core data gives markets some room for optimism.
For me, $BTC and the SP500 remain cautiously bullish, but gold could continue to see volatility as rate expectations shift.
Headline producer inflation jumped to 5.4% YoY, but core PPI rose only 0.2% MoM, below expectations.
The headline number keeps inflation concerns alive, while softer core data gives markets some room for optimism.
For me, $BTC and the SP500 remain cautiously bullish, but gold could continue to see volatility as rate expectations shift.