US wholesale inflation just printed its hottest annual rate in nearly four years.
October PPI rose +6.5% year over year — the highest since November 2022 — even as the monthly print came in slightly softer than expected at +0.3% (vs +0.4% forecast). Core PPI held firm at +0.3% month over month and +5.0% year over year.
The takeaway is uncomfortable: inflation is not beaten. The monthly slowdown looks like relief, but the annual rate is still accelerating, driven by goods prices up 10.2% over the year.
A December Fed hike is now fully priced in — and policymakers are openly debating whether 25bps is enough, or if 50bps is on the table. That is the last thing risk assets wanted to hear.
$BTC has slipped below $70K and is on track for a sixth straight red weekly candle. The Nasdaq fell over 2% on Friday as Nvidia turmoil piled on.
The honest risk: a 50bp hike in December would extend the pain trade across crypto. But positioning is washed out and fear is extreme — any dovish surprise into the Dec 8-9 meeting sets up a violent squeeze. Watch the Fed, not the noise.
📌 Sharing personal opinions only, not financial advice or a recommendation to buy/sell. Crypto is highly risky; DYOR and you are solely responsible. No coin promotion.
$BTC #PPI #Inflation #Fed #Binance
October PPI rose +6.5% year over year — the highest since November 2022 — even as the monthly print came in slightly softer than expected at +0.3% (vs +0.4% forecast). Core PPI held firm at +0.3% month over month and +5.0% year over year.
The takeaway is uncomfortable: inflation is not beaten. The monthly slowdown looks like relief, but the annual rate is still accelerating, driven by goods prices up 10.2% over the year.
A December Fed hike is now fully priced in — and policymakers are openly debating whether 25bps is enough, or if 50bps is on the table. That is the last thing risk assets wanted to hear.
$BTC has slipped below $70K and is on track for a sixth straight red weekly candle. The Nasdaq fell over 2% on Friday as Nvidia turmoil piled on.
The honest risk: a 50bp hike in December would extend the pain trade across crypto. But positioning is washed out and fear is extreme — any dovish surprise into the Dec 8-9 meeting sets up a violent squeeze. Watch the Fed, not the noise.
📌 Sharing personal opinions only, not financial advice or a recommendation to buy/sell. Crypto is highly risky; DYOR and you are solely responsible. No coin promotion.
$BTC #PPI #Inflation #Fed #Binance