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🇺🇸 United States: Producer Price Index for August shows some relief — but the Fed has a problem
The latest report on the U.S. Producer Price Index provides a mixed inflation signal.
📊 The key points
• Headline Producer Price Index: +0.4% month-on-month in August
• Annual Producer Price Index: +5.4% year-on-year, compared with 4.8% in July
• Core Producer Price Index: +0.2% month-on-month
• Energy prices: +4.2% month-on-month
• Diesel prices: +24.1% month-on-month
The headline index matched economists’ forecasts, while the core level was more moderate. However, inflation risks remain elevated due to rising costs of energy and services.
What significance this has for digital currencies A reading of lower core inflation could support a more relaxed monetary policy, which typically benefits risk assets like Bitcoin and other cryptocurrencies.
Do you think the CPI will boost or weaken expectations for the Fed’s next move?
Please stay tuned
$VTHO $SAGA
$ETHFI
🇺🇸 United States: Producer Price Index for August shows some relief — but the Fed has a problem
The latest report on the U.S. Producer Price Index provides a mixed inflation signal.
📊 The key points
• Headline Producer Price Index: +0.4% month-on-month in August
• Annual Producer Price Index: +5.4% year-on-year, compared with 4.8% in July
• Core Producer Price Index: +0.2% month-on-month
• Energy prices: +4.2% month-on-month
• Diesel prices: +24.1% month-on-month
The headline index matched economists’ forecasts, while the core level was more moderate. However, inflation risks remain elevated due to rising costs of energy and services.
What significance this has for digital currencies A reading of lower core inflation could support a more relaxed monetary policy, which typically benefits risk assets like Bitcoin and other cryptocurrencies.
Do you think the CPI will boost or weaken expectations for the Fed’s next move?
Please stay tuned
$VTHO $SAGA
$ETHFI
