🐉 US October PPI Hits 6.5%, Highest Annual Gain in Four Years
👉 Headline PPI rises 0.3% month on month, below the 0.4% forecast, after September's upwardly revised 1.4% surge
👉 Annual PPI jumps to 6.5%, the largest yearly gain since November 2022, above September's 6.3%
👉 Core PPI rises 0.3% on the month and 5.0% on the year, matching expectations
👉 Goods prices climb 0.5%, services rise 0.2% for a fifth straight month
👉 BTC holds below $70,000 near $69,250, down 4.3% on the day, as hot wholesale inflation keeps December hike bets alive
#BinanceSquare #PPI #Bitcoin #Macro #Crypto
Wholesale inflation stays hot, the Fed stays hawkish, crypto stays under pressure.
👉 Headline PPI rises 0.3% month on month, below the 0.4% forecast, after September's upwardly revised 1.4% surge
👉 Annual PPI jumps to 6.5%, the largest yearly gain since November 2022, above September's 6.3%
👉 Core PPI rises 0.3% on the month and 5.0% on the year, matching expectations
👉 Goods prices climb 0.5%, services rise 0.2% for a fifth straight month
👉 BTC holds below $70,000 near $69,250, down 4.3% on the day, as hot wholesale inflation keeps December hike bets alive
#BinanceSquare #PPI #Bitcoin #Macro #Crypto
Wholesale inflation stays hot, the Fed stays hawkish, crypto stays under pressure.