🚨🔊 US PPI Inflation Eases to 2.2%, Bitcoin Price Rally Imminent?
🚀 US PPI Inflation Drops, Sparks Optimism Amid Fed’s Dovish Stance
😳 The latest US PPI data revealed significant inflation cooling in May, marking its largest decline since October 2023.
🚀 Inflation decreased to -0.2% in May, against market expectations of a 0.1% increase. The data has fueled optimism in the market amidst a dovish stance by the Federal Reserve.
👉 The Fed Chair’s latest remarks signaled only one rate cut this year. The Core PPI, excluding food, energy, and trade services, remained unchanged from the previous month.
💰 Annual PPI inflation cooled to 2.2%, against expectations of 2.5%. While BTC retreated 2.53%, market experts anticipate a potential Bitcoin rally ahead.
