#USSeptemberPPIRisesTo6.3%
đ„ Hot PPI data just dropped!
US Producer Price Index jumped 6.3% year-over-year in September â the highest reading since December 2022. Month-over-month it surged 1.3%, way above the 0.5% expected. Energy prices (especially gasoline) were the main driver, with goods rising 2.6%. Core $PPI.ETF also came in hotter than forecast.
This is a clear warning signal. Sticky wholesale inflation, especially energy-driven, keeps pressure on the Fed for more rate hikes. Markets may see short-term volatility in risk assets, while the dollar could strengthen. Crypto often reacts as a high-beta play â watch for risk-off moves. Inflation is not fully tamed yet. Stay alert.
How do you think this impacts crypto and risk markets?
#PPI #Inflation #Fed #USEconomy #CryptoMarketmmm
đ„ Hot PPI data just dropped!
US Producer Price Index jumped 6.3% year-over-year in September â the highest reading since December 2022. Month-over-month it surged 1.3%, way above the 0.5% expected. Energy prices (especially gasoline) were the main driver, with goods rising 2.6%. Core $PPI.ETF also came in hotter than forecast.
This is a clear warning signal. Sticky wholesale inflation, especially energy-driven, keeps pressure on the Fed for more rate hikes. Markets may see short-term volatility in risk assets, while the dollar could strengthen. Crypto often reacts as a high-beta play â watch for risk-off moves. Inflation is not fully tamed yet. Stay alert.
How do you think this impacts crypto and risk markets?
#PPI #Inflation #Fed #USEconomy #CryptoMarketmmm