Yesterday, the US released the PPI data for April, with market expectations at 2.5%, but the actual figure was only 2.4%, lower than the previous value of 2.7%. This indicates that the rise in US prices is not as aggressive as before. Additionally, the retail data for April only increased by 0.1%, far below expectations, suggesting that consumers are also not spending much, meaning that American consumers have become reluctant to spend money.

Why have people become hesitant to spend? Logically, with slower price increases, consumption should be more active, but with such dismal retail data, where is the problem? Panic buying! Trump's tariff policy has not officially taken effect, but many are worried that the prices of imported goods will rise, so they hoarded goods in advance and spent all their money. Now, with empty wallets or no need to spend, everyone has started to tighten their pockets. When consumers stop spending, businesses hesitate to raise prices, and the production and wholesale sectors also weaken, leading to a natural decline in PPI data.

What does this mean? If we look at this data in isolation, it suggests that US inflation may not be resolved yet, and signs of deflation are emerging again. On one side, inflation lingers, while on the other, there is the risk of economic cooling. The entire US economy is currently in an abnormal contradiction, and the culprit? Of course, Trump hopes that the economy will cool down, thereby forcing the Federal Reserve to lower interest rates. But the key is that Powell remains completely unmoved! What to do now? #代币发射平台竞争加剧 #美国加密立法 #币安Alpha上新