📊 US inflation just gave a mixed signal — and the Fed hike is still on!
October PPI rose 0.3% in a month — cooler than the 0.4% expected, and way down from September's 1.4%.
But over the full year, prices jumped 6.5% — the biggest yearly rise since November 2022.
This was the last inflation report before the Fed's December 8-9 meeting. A quarter-point hike is fully expected, and some traders now see a chance of a bigger half-point move.
That keeps the pressure on $BTC and $ETH . Does the Fed go bigger in December — or does inflation cool down fast? 👇
#PPI #Inflation #bitcoin
(Info only, not financial advice)
October PPI rose 0.3% in a month — cooler than the 0.4% expected, and way down from September's 1.4%.
But over the full year, prices jumped 6.5% — the biggest yearly rise since November 2022.
This was the last inflation report before the Fed's December 8-9 meeting. A quarter-point hike is fully expected, and some traders now see a chance of a bigger half-point move.
That keeps the pressure on $BTC and $ETH . Does the Fed go bigger in December — or does inflation cool down fast? 👇
#PPI #Inflation #bitcoin
(Info only, not financial advice)
