🚨 US INFLATION IS BACK IN THE SPOTLIGHT!
The latest September PPI numbers just came in much hotter than expected.
📊 PPI: 6.3% vs 5.3% expected
📈 Monthly increase: 1.3%
⏳ Highest level since December 2022
This could make things difficult for the Fed. If inflation keeps rising, rate cuts may get pushed further away, and that's something risk markets don't want to see.
For crypto, the situation is getting interesting. 👀
If the market starts pricing in higher rates for longer, $BTC and altcoins could feel the pressure.
Now the big question is: Will Bitcoin hold up, or are we about to see another wave of selling?
#Bitcoin #USInflation #FederalReserve #Inflation
The latest September PPI numbers just came in much hotter than expected.
📊 PPI: 6.3% vs 5.3% expected
📈 Monthly increase: 1.3%
⏳ Highest level since December 2022
This could make things difficult for the Fed. If inflation keeps rising, rate cuts may get pushed further away, and that's something risk markets don't want to see.
For crypto, the situation is getting interesting. 👀
If the market starts pricing in higher rates for longer, $BTC and altcoins could feel the pressure.
Now the big question is: Will Bitcoin hold up, or are we about to see another wave of selling?
#Bitcoin #USInflation #FederalReserve #Inflation