#Breaking As the clock ticks down to 7:30 PM on May 15, the cryptocurrency market holds its breath.
The US will unveil its Producer Price Index (PPI) for April, with forecasts indicating a potential surge in inflation.
The year-over-year PPI inflation is expected to rise to 3.1% from 2.7%, while the month-over-month core PPI inflation is predicted to steady at 3.3%.
Shortly after, FED Chairman Powell takes the stage at 7:40 PM, offering crucial insights into monetary policy.
The PPI serves as a barometer for input costs, signaling potential shifts in Consumer Price Index (CPI) and influencing business pricing strategies.
As an early inflation indicator, it's closely watched by investors and central banks alike.
The market's reaction to these announcements could be volatile, with Bitcoin's value potentially experiencing significant fluctuations.
Will it pump or dump? The answer lies in the numbers and Powell's words.
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