🚨 Breaking:
U.S. Producer Price Index (PPI) inflation jumped to 6.3%, far exceeding expectations.
- Headline Producer Price Index (annual): 6.3% versus expectations of 5.4% and a previous reading of 5.4%.
- Core Producer Price Index (annual): 5.0% versus expectations of 4.4% and a previous reading of 4.6%.
Producer price inflation accelerated sharply, intensifying concerns about persistent price pressures, following yesterday’s Consumer Price Index (CPI) report, which came in higher than expected.
This surprise could strengthen bets on further interest rate hikes by the Federal Reserve, adding further pressure on Bitcoin, cryptocurrencies, and U.S. stocks.
U.S. Producer Price Index (PPI) inflation jumped to 6.3%, far exceeding expectations.
- Headline Producer Price Index (annual): 6.3% versus expectations of 5.4% and a previous reading of 5.4%.
- Core Producer Price Index (annual): 5.0% versus expectations of 4.4% and a previous reading of 4.6%.
Producer price inflation accelerated sharply, intensifying concerns about persistent price pressures, following yesterday’s Consumer Price Index (CPI) report, which came in higher than expected.
This surprise could strengthen bets on further interest rate hikes by the Federal Reserve, adding further pressure on Bitcoin, cryptocurrencies, and U.S. stocks.