🔥🚀 INSIGHT: October PPI inflation rises to 6.5%, the highest in nearly four years, but below expectations of 6.6%.
Core PPI came in at 5.0%, matching forecasts.
Markets were already pricing roughly 89% odds of a 25 bps Fed hike in December.
Today's report offers some relief, but inflation remains elevated. The bigger question may be whether the Fed needs to hike even further in 2027.
#USPPIMissMayEaseBTCPressure
#BinancePick #BitcoinBreaksBelow200WeekMovingAverage #Anthropic’s6xIPODemandSignalsPotentialRecordRaise #WhatWillDriveCryptoandStocks’NextRebound? $BTC $XAU $CL
Core PPI came in at 5.0%, matching forecasts.
Markets were already pricing roughly 89% odds of a 25 bps Fed hike in December.
Today's report offers some relief, but inflation remains elevated. The bigger question may be whether the Fed needs to hike even further in 2027.
#USPPIMissMayEaseBTCPressure
#BinancePick #BitcoinBreaksBelow200WeekMovingAverage #Anthropic’s6xIPODemandSignalsPotentialRecordRaise #WhatWillDriveCryptoandStocks’NextRebound? $BTC $XAU $CL
