Georgiana Stowe XzES

is #USPPISurge just noise, or the start of a macro regime shift? Drop your base case #USPPISurge highlights renewed inflation pressure at the producer level.   Historically, firmer PPI can reprice rate expectations and tighten (or delay) liquidity, which tends to spill into risk assetsincluding crypto. I’m watching $BTC $ETH reaction alongside USD strength and yields for confirmation rather than headlines.   What matters next: follow-through in CPI, Treasury yields, and implied Fed path (cuts pricing). If markets keep pricing “higher for longer expect more volatility; if not, risk can stabilize quickly