🚨 US PPI: COOLER THAN FEARED, NOT COOL
October PPI: +6.5% YoY vs +6.6% expected (prior +6.3%), the highest since Nov 2022. Monthly +0.3% vs +0.4% expected, after Sept's +1.4% spike. Core held at 5.0%, in line. (BLS, 8:30 AM ET)
Why it matters: monthly relief after hot CPI, but the annual rate still climbed. A 25bp December hike is fully priced in, and Waller has floated 50bps.
$BTC bounced off below $68K to $68,892 after the print. First candle up ~0.9%, but the first candle is usually noise. (Coindoo)
Relief rally, or just a pause before December? 🐂🐻
Not financial advice. DYOR.
#crypto #PPI #Fed #Bitcoin
October PPI: +6.5% YoY vs +6.6% expected (prior +6.3%), the highest since Nov 2022. Monthly +0.3% vs +0.4% expected, after Sept's +1.4% spike. Core held at 5.0%, in line. (BLS, 8:30 AM ET)
Why it matters: monthly relief after hot CPI, but the annual rate still climbed. A 25bp December hike is fully priced in, and Waller has floated 50bps.
$BTC bounced off below $68K to $68,892 after the print. First candle up ~0.9%, but the first candle is usually noise. (Coindoo)
Relief rally, or just a pause before December? 🐂🐻
Not financial advice. DYOR.
#crypto #PPI #Fed #Bitcoin
