Europe PPI Blows Past Estimates: Is This The Hidden Fuel For $BTC? 🤯
The latest European Producer Price Index (PPI) for November landed at 0.5% MoM, significantly beating the 0.4% expectation and crushing the prior 0.1% reading. This inflation signal from the production side is hotter than anticipated. 🔥
This data point suggests underlying price pressures remain robust across the Eurozone, which has major implications for the ECB's rate path and, by extension, global liquidity flows impacting
$ETH and the broader market. Keep your eyes glued to how this impacts risk appetite.
#MacroCrypto #PPI #InflationWatch #Eurozone 📈