🚨 BREAKING: 🇺🇸US PRODUCER PRICES RISE ONLY 0.3% VS 0.4% EXPECTED. THE ODDS OF A 50 BPS HIKE FALL.
October PPI came in at 0.3% MoM, below the 0.4% forecast. Core PPI also rose 0.3%, in line with expectations.
After hot CPI, this is a relief. Inflation at the producer level is cooling a bit more than the market thought. A December hike is still the base case, but the odds of a bigger 50 bps hike are falling. This is good news for the markets.
Over 12 years in these markets.
Do not miss the next big move.
$ZEC $XAU $BTC
October PPI came in at 0.3% MoM, below the 0.4% forecast. Core PPI also rose 0.3%, in line with expectations.
After hot CPI, this is a relief. Inflation at the producer level is cooling a bit more than the market thought. A December hike is still the base case, but the odds of a bigger 50 bps hike are falling. This is good news for the markets.
Over 12 years in these markets.
Do not miss the next big move.
$ZEC $XAU $BTC
