🔥 U.S. wholesale inflation surged to 6.3%—are rate cuts still on the table?
The U.S. Bureau of Labor Statistics announced on October 15 that September’s PPI (Producer Price Index) rose 1.3% month over month and 6.3% year over year, both far above market expectations (about 0.5% month over month and 5.3% year over year).
📊 Key figures
• Month over month: +1.3% — the largest monthly increase since March 2022
• Year over year: +6.3% — the highest since December 2022, up from 5.6% in August
• Core PPI (excluding food and energy): +0.7% month over month, +5.0% year over year
• Energy prices jumped about 10.8% in a single month, while gasoline prices rose by more than 20%
⚠️ Why does this matter?
• The previous day’s CPI was already higher than expected, and now PPI has also come in far above forecasts. Inflationary pressure is spreading from energy to other categories.
• Some components of PPI feed into PCE, one of the Fed’s most closely watched inflation measures.
• Expectations for rate cuts are cooling, and markets are even starting to discuss the possibility of rate hikes. The U.S. dollar and Treasury yields are becoming short-term bellwethers for BTC.
📉 What’s next for BTC?
BTC is currently around $81,800 and has traded between $80,000 and $84,000 over the past two weeks.
• Support: $80,400 / $79,800
• Resistance: $83,000 / $84,000
When macro data comes in hot, highly leveraged positions can easily get shaken out in both directions. Managing position size matters more than guessing the direction.
Do you think high inflation will continue to weigh on the crypto market, or has the bad news already been priced in? Share your thoughts in the comments 👇
👉 Trade BTC: https://www.binance.com/zh-CN/trade/BTC_USDT
#U.S.SeptemberPPIAnnualRateRisesTo6.3% #BTC #通胀 #FederalReserve
⚠️ This is not investment advice. Please be aware of the risks.
The U.S. Bureau of Labor Statistics announced on October 15 that September’s PPI (Producer Price Index) rose 1.3% month over month and 6.3% year over year, both far above market expectations (about 0.5% month over month and 5.3% year over year).
📊 Key figures
• Month over month: +1.3% — the largest monthly increase since March 2022
• Year over year: +6.3% — the highest since December 2022, up from 5.6% in August
• Core PPI (excluding food and energy): +0.7% month over month, +5.0% year over year
• Energy prices jumped about 10.8% in a single month, while gasoline prices rose by more than 20%
⚠️ Why does this matter?
• The previous day’s CPI was already higher than expected, and now PPI has also come in far above forecasts. Inflationary pressure is spreading from energy to other categories.
• Some components of PPI feed into PCE, one of the Fed’s most closely watched inflation measures.
• Expectations for rate cuts are cooling, and markets are even starting to discuss the possibility of rate hikes. The U.S. dollar and Treasury yields are becoming short-term bellwethers for BTC.
📉 What’s next for BTC?
BTC is currently around $81,800 and has traded between $80,000 and $84,000 over the past two weeks.
• Support: $80,400 / $79,800
• Resistance: $83,000 / $84,000
When macro data comes in hot, highly leveraged positions can easily get shaken out in both directions. Managing position size matters more than guessing the direction.
Do you think high inflation will continue to weigh on the crypto market, or has the bad news already been priced in? Share your thoughts in the comments 👇
👉 Trade BTC: https://www.binance.com/zh-CN/trade/BTC_USDT
#U.S.SeptemberPPIAnnualRateRisesTo6.3% #BTC #通胀 #FederalReserve
⚠️ This is not investment advice. Please be aware of the risks.