đ„U.S. PPI jumps to 6.3% year over year
I just saw this data, and honestly, Iâm kind of numb.
September PPI shot straight up to 6.3% year over year and 1.3% month over month. It blew past expectationsâWall Streetâs old hands mustâve been picking up the pieces of their shattered glasses. Core PPI wasnât sitting still either, up 0.7% month over month. That suggests rising prices arenât just about oil getting more expensive anymoreâthe whole supply chain is feeling the heat.
Gasoline jumped 20% in a month, and diesel rose 21%. With upstream costs climbing like this, whoâs going to foot the bill in the end? Companies either absorb it and watch their margins shrink, or pass it on to consumers and send prices soaring again. Either way, it hurts.
Then the market went into a frenzy. The odds of a rate hike by year-end shot up to nearly 90%. The Fedâs rate-cut hopes can pretty much be put on hold for now. If they donât hike again, thatâll be generous.
Bitcoin is putting on a pretty honest show too, hovering around $82,000. Rate-hike fears are clearly weighing on sentiment, but you canât exactly say itâs crashedâit hasnât completely given up either. These are the most frustrating times: stuck in limbo, with both bulls and bears hurting.
Personally, when macro data comes in this hot, donât rush into anything. Until inflation is truly under control, risk assets arenât going to have an easy time. If youâre holding positions, ease off the leverage; if youâre sitting on the sidelines, donât assume a dip automatically means a bargain. Timing matters more than direction.
What do you think? Is this PPI spike just a false alarm, or is it really going to force the Fed to act?
#çŸćœPPIćæŻćèł6.3%
I just saw this data, and honestly, Iâm kind of numb.
September PPI shot straight up to 6.3% year over year and 1.3% month over month. It blew past expectationsâWall Streetâs old hands mustâve been picking up the pieces of their shattered glasses. Core PPI wasnât sitting still either, up 0.7% month over month. That suggests rising prices arenât just about oil getting more expensive anymoreâthe whole supply chain is feeling the heat.
Gasoline jumped 20% in a month, and diesel rose 21%. With upstream costs climbing like this, whoâs going to foot the bill in the end? Companies either absorb it and watch their margins shrink, or pass it on to consumers and send prices soaring again. Either way, it hurts.
Then the market went into a frenzy. The odds of a rate hike by year-end shot up to nearly 90%. The Fedâs rate-cut hopes can pretty much be put on hold for now. If they donât hike again, thatâll be generous.
Bitcoin is putting on a pretty honest show too, hovering around $82,000. Rate-hike fears are clearly weighing on sentiment, but you canât exactly say itâs crashedâit hasnât completely given up either. These are the most frustrating times: stuck in limbo, with both bulls and bears hurting.
Personally, when macro data comes in this hot, donât rush into anything. Until inflation is truly under control, risk assets arenât going to have an easy time. If youâre holding positions, ease off the leverage; if youâre sitting on the sidelines, donât assume a dip automatically means a bargain. Timing matters more than direction.
What do you think? Is this PPI spike just a false alarm, or is it really going to force the Fed to act?
#çŸćœPPIćæŻćèł6.3%