PPI exploded: 1.3% vs. 0.5% expected đ„
â
âSeptember PPI came in at 1.3% month over month, almost triple the 0.5% the market expected, while core PPI was 0.7% vs. 0.3%. Producer prices are now up 6.3% year over year. Retail sales also surprised: +0.8%. Inflation isnât easing, the Fed makes its decision on October 28, and Warsh speaks tonight. A rate hike on the horizon? Comment below đ This is not financial advice.
$BTC $ETH $USDC
â#PPI #Bitcoinâ
â
âSeptember PPI came in at 1.3% month over month, almost triple the 0.5% the market expected, while core PPI was 0.7% vs. 0.3%. Producer prices are now up 6.3% year over year. Retail sales also surprised: +0.8%. Inflation isnât easing, the Fed makes its decision on October 28, and Warsh speaks tonight. A rate hike on the horizon? Comment below đ This is not financial advice.
$BTC $ETH $USDC
â#PPI #Bitcoinâ