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US macro data (PPI) - inflationary pressures are on the rise!
๐ฅ Important Producer Price Indicators (PPI) were released today, indicating that inflationary pressures are building in the US economy. The data exceeded forecasts, which could impact Fed policy and rate expectations.
๐ Producer Price Index (PPI):
(m/m) Jan - FACT: 0.4% (forecast: 0.3%, pre: 0.5%)
(y/y) Jan - FACT: 3.5% (forecast: 3.2%, pre: 3.5%)
๐ Core PPI (excluding energy and food):
(m/m) Jan - FACT: 0.3% (forecast: 0.3%, pre: 0.0%)
(y/y) Jan - FACT: 3.6% (forecast: 3.3%, pre: 3.5%)
๐ Labor market:
Initial jobless claims: FACT: 213K (forecast: 217K, pre: 220K)
๐ What does this mean for the market?
Higher than expected PPI growth increases the risks of long-term high inflation, which could delay the Fed's interest rate cuts. The crypto market and stock indices may show volatility amid expectations of future decisions by the regulator.
โก๏ธ Watch the market reaction and get ready for possible movements!
#BTC# #ๆฏ็นๅธ# #SLERF# #ETH# #MAGA#