๐จ BREAKING: ๐บ๐ธ US INFLATION SURPRISES MARKETS!
September PPI reportedly jumped to 6.3%, well above the 5.3% forecast, while monthly producer prices surged 1.3%.
โ ๏ธ Rising inflation could fuel Fed rate-hike fears and put fresh pressure on stocks and crypto.
โฟ $BTC WARNING: If rate expectations rise, Bitcoin and altcoins could face more volatility and selling pressure.
๐ Will BTC drop further, or can the market absorb this shock?#WarshPushesToScaleBackForwardGuidanceAndDotPlot
September PPI reportedly jumped to 6.3%, well above the 5.3% forecast, while monthly producer prices surged 1.3%.
โ ๏ธ Rising inflation could fuel Fed rate-hike fears and put fresh pressure on stocks and crypto.
โฟ $BTC WARNING: If rate expectations rise, Bitcoin and altcoins could face more volatility and selling pressure.
๐ Will BTC drop further, or can the market absorb this shock?#WarshPushesToScaleBackForwardGuidanceAndDotPlot