🚨 Breaking: U.S. producer price inflation (PPI) surges unexpectedly. Woooow, what are these numbers? 😳
📈 The annual PPI reached 6.3%, versus forecasts of 5.3%, while core PPI rose to 5.0%, compared with expectations of 4.4%.
These are worrying figures, especially since inflation has reached its second-highest level since November 2022. This could increase pressure on the Fed and bring the possibility of interest rate hikes back into focus.
In my view, the coming months may remain difficult for markets, $BTC and altcoins will remain sensitive to any changes in interest rate expectations. 👀
#PPIWatch
#TradersBetOnThreeMoreFedHikes
📈 The annual PPI reached 6.3%, versus forecasts of 5.3%, while core PPI rose to 5.0%, compared with expectations of 4.4%.
These are worrying figures, especially since inflation has reached its second-highest level since November 2022. This could increase pressure on the Fed and bring the possibility of interest rate hikes back into focus.
In my view, the coming months may remain difficult for markets, $BTC and altcoins will remain sensitive to any changes in interest rate expectations. 👀
#PPIWatch
#TradersBetOnThreeMoreFedHikes