PPI just landed at 5.4% vs 5.3% expected 🔥
Core PPI held at 4.6%, in line with expectations.
This matters because PPI is upstream inflation. Producer prices can eventually feed into consumer prices, and sticky inflation could keep the Fed cautious about cutting rates.
Markets were pricing in rate cuts. Now that expectation is being tested 📉
Watch risk assets closely 👀
If equities shrug it off, it may just be noise.
But if bonds sell off alongside $BTC and alts, that could signal a broader macro repricing ⚠️
Invalidation: PPI rolls over next month and CPI continues lower.
Until then, higher-for-longer remains the base case.
What do you think? Bullish or bearish for $BTC ? 🚀📊
Core PPI held at 4.6%, in line with expectations.
This matters because PPI is upstream inflation. Producer prices can eventually feed into consumer prices, and sticky inflation could keep the Fed cautious about cutting rates.
Markets were pricing in rate cuts. Now that expectation is being tested 📉
Watch risk assets closely 👀
If equities shrug it off, it may just be noise.
But if bonds sell off alongside $BTC and alts, that could signal a broader macro repricing ⚠️
Invalidation: PPI rolls over next month and CPI continues lower.
Until then, higher-for-longer remains the base case.
What do you think? Bullish or bearish for $BTC ? 🚀📊
