Huo Xing Finance reports that at 20:30 Beijing time tonight, the U.S. Bureau of Labor Statistics will release the September PPI (Producer Price Index). The current market expectation is for overall PPI to rise +0.5% month-over-month and core PPI to rise +0.3% month-over-month.
If the data exceeds expectations, it will increase market pricing for further Fed rate hikes, pressuring U.S. stocks, cryptocurrencies, and other risk assets; if it falls short of expectations, it will ease tightening expectations and benefit risk asset performance. Previous CPI data has already shown persistent inflation, and this PPI report will further validate the sustainability of inflation.
U.S. September PPI data to be released tonight, affecting expectations for Fed rate hikes
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Summary
The U.S. Bureau of Labor Statistics will release September inflation data at 20:30 Beijing time tonight. Market forecasts anticipate a 0.5% month-over-month increase in overall PPI and a 0.3% rise in core PPI. Stronger-than-expected inflation data could elevate expectations for Fed rate hikes, putting pressure on risk assets. On-chain data has already indicated growing market caution. A weaker report may alleviate fears of tightening and provide support to crypto and equity markets.
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