#USFebruaryPPISurgedSurprisingly ๐จ BREAKING: US Inflation Just Shocked the Market
๐บ๐ธ February PPI came in HOTTER than expected
๐ +0.7% MoM (vs 0.3% forecast)
๐ 3.4% YoY โ highest in a year
๐ฅ Translation: Inflation isnโt done yetโฆ
โ ๏ธ Rate cuts? Delayed
๐ Stocks? Under pressure
๐ Dollar & yields? Pumping
And with oil prices surging from geopolitical tensionsโฆ this could be just the beginning ๐ (Reuters)
๐ฅ Crypto traders, stay sharp:
Higher inflation = higher volatility