July PPI just dropped and it's cooler than expected across the board.
Headline PPI: 4.7% vs 4.9% est (down from 5.5% in June)
Core PPI: 4.2% vs prev 4.7%
Monthly misses too:
Headline PPI: 0.0% vs 0.2% est
Core PPI: 0.2% vs 0.3% est
This isn't a one-off outlier. Every single measure cooled. PPI feeds straight into the Fed's preferred inflation metric, and this comes right after soft CPI yesterday and weak jobs last week.
September rate pause odds climbing fast. Fed pivot narrative heating up. Risk-on for $BTC and alts if this trend holds.
Headline PPI: 4.7% vs 4.9% est (down from 5.5% in June)
Core PPI: 4.2% vs prev 4.7%
Monthly misses too:
Headline PPI: 0.0% vs 0.2% est
Core PPI: 0.2% vs 0.3% est
This isn't a one-off outlier. Every single measure cooled. PPI feeds straight into the Fed's preferred inflation metric, and this comes right after soft CPI yesterday and weak jobs last week.
September rate pause odds climbing fast. Fed pivot narrative heating up. Risk-on for $BTC and alts if this trend holds.