Damn, inflation is back—and this time it’s coming from “upstream”! 🔥
U.S. September PPI is out:
🔹 Month over month: +1.3%, versus market expectations of only around 0.5%—more than double, and the biggest monthly increase since March 2022
🔹 Year over year: 6.3%, versus expectations of 5.3% and a previous reading of 5.4%—the highest since the end of 2022
🔹 Energy was the main driver: the energy component rose 10.8%, with gasoline surging 20.3%
Just the day before, CPI came in hot at 3.7% (versus expectations of 3.6%), and now PPI has dealt another blow. PPI measures costs at the production end. When those costs rise, they often make their way into your everyday bills a little later.
The market reaction was immediate: $BTC briefly dipped to around 80,200, while $ETH fell even harder. The next key date is the Fed’s rate decision on October 28, and expectations of another hike have been reignited.
My take: don’t fight the data in the short term. Cut back on leverage for now. Whether the psychological 80,000 level holds matters more than any trading call.
Do you think the Fed will hike again on October 28? 👇
#9月CPI来袭原油美债走势如何 #BTC #ETH
U.S. September PPI is out:
🔹 Month over month: +1.3%, versus market expectations of only around 0.5%—more than double, and the biggest monthly increase since March 2022
🔹 Year over year: 6.3%, versus expectations of 5.3% and a previous reading of 5.4%—the highest since the end of 2022
🔹 Energy was the main driver: the energy component rose 10.8%, with gasoline surging 20.3%
Just the day before, CPI came in hot at 3.7% (versus expectations of 3.6%), and now PPI has dealt another blow. PPI measures costs at the production end. When those costs rise, they often make their way into your everyday bills a little later.
The market reaction was immediate: $BTC briefly dipped to around 80,200, while $ETH fell even harder. The next key date is the Fed’s rate decision on October 28, and expectations of another hike have been reignited.
My take: don’t fight the data in the short term. Cut back on leverage for now. Whether the psychological 80,000 level holds matters more than any trading call.
Do you think the Fed will hike again on October 28? 👇
#9月CPI来袭原油美债走势如何 #BTC #ETH