Monthly PPI data coming in below expectations has a mildly positive short-term effect on stocks, crypto, and risk assets; it puts limited downward pressure on bond yields and pressure on the dollar
Since the annual rate remains high at 6.5%, expectations of a Fed rate hike in December (especially by 25 basis points) remain largely unchanged, but the likelihood of a more aggressive 50-basis-point move decreases
This is supportive data for gold and Bitcoin.
Since the annual rate remains high at 6.5%, expectations of a Fed rate hike in December (especially by 25 basis points) remain largely unchanged, but the likelihood of a more aggressive 50-basis-point move decreases
This is supportive data for gold and Bitcoin.