๐ ๐๐จ๐ญ๐ญ๐๐ฌ๐ญ ๐๐ซ๐ข๐ง๐ญ ๐ข๐ง ๐+ ๐๐๐๐ซ๐ฌ
๐ฅ Producer Price Index ( #PPI ) surges far beyond forecasts, signaling persistent inflationary pressures.
๐ ๐๐๐๐๐ฅ๐ข๐ง๐ ๐๐ฎ๐ฆ๐๐๐ซ๐ฌ
๐ PPI MoM: 0.9% vs 0.2% exp.
๐ PPI YoY: 3.3% vs 2.5% exp.
๐ ๐๐จ๐ซ๐ ๐๐๐ ๐๐ก๐จ๐๐ค
๐ Core MoM: 0.9% vs 0.2% exp.
๐ Core YoY: 3.7% vs 3.0% exp.
๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฆ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ
๐จ A red-hot inflation print could delay or reduce Fed rate cuts.
โก Higher yields may weigh on risk assets, but commodities and $USD1 could see short-term strength.
๐ ๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐ง๐ ๐ฅ๐
๐ฅ Macro headwinds in the short term, but if rate cut expectations survive, crypto could rebound on liquidity hopes.
