US PPI EXPLODES HIGHER. INFLATION STAYS HOT.
Entry: 2050 🟩
Target 1: 2075 🎯
Target 2: 2100 🎯
Stop Loss: 2025 🛑
Producer Price Index is roaring past expectations. Upstream inflation is sticky. This data screams "higher for longer" from the Fed. Energy prices are down but services and profit margins are pushing costs up. Gold saw a quick dip then recovered. This PPI has direct implications for PCE. Fed's rate path is now under serious pressure. Don't get caught sleeping.
Disclaimer: Not financial advice. DYOR.