August PPI is giving markets a mixed inflation signal.
Headline producer inflation came in at 5.4% YoY, showing that price pressures are still elevated.
But core PPI rose just 0.2% MoM, pointing to softer underlying pressure on a monthly basis.
So the market is balancing two different signals: inflation is still high, but the latest trend underneath looks more manageable.
That could keep sentiment cautiously positive for the S&P 500 and BTC, while gold remains sensitive to any shifts in rate expectations.
Macro is still driving the bigger picture.
#PPI
Headline producer inflation came in at 5.4% YoY, showing that price pressures are still elevated.
But core PPI rose just 0.2% MoM, pointing to softer underlying pressure on a monthly basis.
So the market is balancing two different signals: inflation is still high, but the latest trend underneath looks more manageable.
That could keep sentiment cautiously positive for the S&P 500 and BTC, while gold remains sensitive to any shifts in rate expectations.
Macro is still driving the bigger picture.
#PPI
