U.S. Producer Prices (PPI) Just Crashed 🏭📉
Core PPI MoM: –0.1% (vs +0.3% expected)
Core PPI YoY: 2.8% (vs 3.5% expected)
Headline PPI YoY: 2.6% (vs 3.3% expected)
Translation: inflation at the producer level is cooling fast.
➡️ Market read:
USD = Weak
Equities = Risk-on
Crypto = 🚀
Looks like the Fed has even more cover for those rate cuts…
#PPI
#news
#Write2Earn
$SOMI $USDE $BTC
Core PPI MoM: –0.1% (vs +0.3% expected)
Core PPI YoY: 2.8% (vs 3.5% expected)
Headline PPI YoY: 2.6% (vs 3.3% expected)
Translation: inflation at the producer level is cooling fast.
➡️ Market read:
USD = Weak
Equities = Risk-on
Crypto = 🚀
Looks like the Fed has even more cover for those rate cuts…
#PPI
#news
#Write2Earn
$SOMI $USDE $BTC