Producer inflation accelerated in August, with headline PPI reaching 5.4% YoY and monthly PPI rising 0.4%. However, the underlying picture was less aggressive, as core PPI increased only 0.2% MoM.
Energy prices surged 4.2%, adding significant pressure to the headline number.
The mixed data leaves the Fed’s path uncertain $BTC and SP500 could retain cautious upside, while $XAU remains sensitive to changes in yields and rate expectations.
#PPI #BingX #Crypto #Trading #Macro Insights#
Energy prices surged 4.2%, adding significant pressure to the headline number.
The mixed data leaves the Fed’s path uncertain $BTC and SP500 could retain cautious upside, while $XAU remains sensitive to changes in yields and rate expectations.
#PPI #BingX #Crypto #Trading #Macro Insights#
