The annual and monthly PPI accelerated more than forecast, while core figures fell slightly short of consensus.
- PPI (m/m): 0.4% | forecast 0.4% | prev. 0.1%
- Core PPI (m/m): 0.2% | forecast 0.3% | prev. 0.3%
- Number of initial jobless claims: 206K | forecast 205K | prev. 207K
The acceleration of producer inflation is a bad signal for the market: it increases the risk that the Fed will be more cautious about cutting rates in the coming months.
Against the backdrop of the news, the price of BTC dropped below $77,000
Continue reading this article on source: investing.com