🚨 Bad news continues to pour in from the inflation front in the U.S.! Yesterday’s CPI was released, and today’s PPI came in above expectations. 📊 U.S. PPI (September) 📌 Annual PPI: 6.3% (Expected: 5.3%) 📌 Annual Core PPI: 5.0% (Expected: 4.4%) The rise in producer prices is particularly striking. This data could strengthen the case for the Fed to pursue further interest rate hikes. Under normal circumstances, these figures are not positive for Bitcoin or U.S. stock markets.
This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.
Post your reply