𝗣𝗿𝗼𝗱𝘂𝗰𝗲𝗿 𝗽𝗿𝗶𝗰𝗲𝘀 𝗷𝘂𝗺𝗽𝗲𝗱 𝟭.𝟯% 𝗶𝗻 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿. 𝗗𝗼𝗲𝘀 𝘁𝗵𝗲 𝗙𝗲𝗱 𝗵𝗶𝗸𝗲?
Forecasts were about 0.6%. Over 12 months PPI is up 6.3%, and the monthly rise was the largest since March 2022, per the BLS.
Energy did most of the work, with gasoline up 20.3% at the producer level. That lands one day after CPI printed 3.7%.
$BTC slipped from about $81.1K to $80.7K in the first minutes after the release.
The Fed meets Oct 27–28. Your call?
A) Hike
B) Hold, hawkish tone
C) Hold, no drama
D) Too early to say
NFA.
#PPI #Fed #Bitcoin
Forecasts were about 0.6%. Over 12 months PPI is up 6.3%, and the monthly rise was the largest since March 2022, per the BLS.
Energy did most of the work, with gasoline up 20.3% at the producer level. That lands one day after CPI printed 3.7%.
$BTC slipped from about $81.1K to $80.7K in the first minutes after the release.
The Fed meets Oct 27–28. Your call?
A) Hike
B) Hold, hawkish tone
C) Hold, no drama
D) Too early to say
NFA.
#PPI #Fed #Bitcoin