TOMORROW, BITCOIN IS FORECASTED TO PUMP/DUMP STRONGLY. + 19:30 15/05: The US will announce PPI for April. - PPI Inflation Y/Y (Forecast = 3.1%, previously = 2.7%) - Core PPI Inflation M/M (Forecast = 3.3%, previously = 3.3%) + 19:40 15/05: FED Chairman Powell speaks.
So what is the PPI index? The PPI (Producer Price Index) is the producer price index, measuring the change in the average selling price of goods and services from the producer side over a certain period of time. Simply put: • PPI reflects the input costs of businesses. • If the PPI increases, it can lead to a subsequent increase in the CPI (consumer price index), as businesses often pass on higher costs to consumers.
Role: • Is an early indicator of inflation. • Closely watched by investors, central banks to predict monetary policy (such as increasing/decreasing interest rates). My prediction market DUMP.