๐จ๐บ๐ธ ๐จ.๐ฆ. ๐๐ผ๐ฟ๐ฒ ๐ฃ๐ฃ๐ ๐๐๐๐ง๐ฆ ๐จ๐ฃ โ ๐๐ป๐ณ๐น๐ฎ๐๐ถ๐ผ๐ป ๐ก๐ผ๐ ๐๐ผ๐ป๐ฒ ๐ฌ๐ฒ๐?
Core PPI just came in at 3.6% YoY (vs 3.0% expected) ๐ฅ
MoM jumped +0.8% โ way above forecasts.
๐ Services led the surge (+0.8%)
๐ Goods fell -0.3%
But overallโฆ wholesale inflation is re-accelerating.
This likely means a stronger PCE print next month ๐
And the Fed could keep rates in the 3.50%โ3.75% range longer than markets want.
๐ญ Rate cuts delayed?
๐ฐ Dollar strength?
๐ Pressure on risk assets?
How are you positioning โ bullish or defensive? ๐๐ฅ
Follow me for more crypto updates ๐
#BlockAILayoffs #JaneStreet10AMDump #MarketRebound #AxiomMisconductInvestigation #STBinancePreTGE

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