#USSeptemberPPIRisesTo6.3%
đ„ US Wholesale Inflation Hits a 4-Year High
đ Producer prices rose 6.3% y/y in September, up from 5.6% in August and the fastest since December 2022 (BLS)
đ Month on month: +1.3%, the biggest jump since March 2022. Forecasts were +0.5% and 5.4% y/y
✠Energy +10.8% led the move, with gasoline up 20.3%
â ïž Core PPI ex food and energy +0.7% m/m, 5.0% y/y, above every forecast
đ It lands a day after CPI hit 3.7%, with the Fed meeting Oct 27-28
BTC trades near $81.8K, up ~1.6% in 24h.
What it means for crypto: hot inflation keeps more Fed hikes on the table, which tends to weigh on risk assets. Markets still lean toward a December hike over an October one, so the next PCE print matters.
Energy spike that fades, or inflation that sticks? đ
$BTC $ETH
#CryptoNews #Inflation #Macro #USSeptemberPPIRisesTo6.3%
đ„ US Wholesale Inflation Hits a 4-Year High
đ Producer prices rose 6.3% y/y in September, up from 5.6% in August and the fastest since December 2022 (BLS)
đ Month on month: +1.3%, the biggest jump since March 2022. Forecasts were +0.5% and 5.4% y/y
✠Energy +10.8% led the move, with gasoline up 20.3%
â ïž Core PPI ex food and energy +0.7% m/m, 5.0% y/y, above every forecast
đ It lands a day after CPI hit 3.7%, with the Fed meeting Oct 27-28
BTC trades near $81.8K, up ~1.6% in 24h.
What it means for crypto: hot inflation keeps more Fed hikes on the table, which tends to weigh on risk assets. Markets still lean toward a December hike over an October one, so the next PCE print matters.
Energy spike that fades, or inflation that sticks? đ
$BTC $ETH
#CryptoNews #Inflation #Macro #USSeptemberPPIRisesTo6.3%