🇺🇸 U.S. PPI Comes in Hot
U.S. August Producer Price Index (PPI) climbed to 5.4% YoY, beating the 5.3% forecast.
📈 Previous reading was also revised higher from 4.7% to 4.8%.
Higher-than-expected producer inflation could keep pressure on the Fed and markets.
Inflation is still showing some heat. 🔥
#PPI #USInflation #Fed #Crypto #Bitcoin
U.S. August Producer Price Index (PPI) climbed to 5.4% YoY, beating the 5.3% forecast.
📈 Previous reading was also revised higher from 4.7% to 4.8%.
Higher-than-expected producer inflation could keep pressure on the Fed and markets.
Inflation is still showing some heat. 🔥
#PPI #USInflation #Fed #Crypto #Bitcoin