šØ Weak PPI Data Sparks Fresh Bets on Fed Easing! šØ
The latest Producer Price Index (PPI) report came in softer than expected, fueling speculation that the Fed might ease up on future rate hikes. Hereās what you need to know:
š PPI MoM: 0.1% (Expected: 0.2%)
š PPI Core MoM: 0.0% (Expected: 0.2%)
š PPI YoY: 2.2% (Expected: 2.3%)
š PPI Core YoY: 2.4% (Expected: 2.6%)
š Market Impact:
Traders are increasing bets that the Fed might pivot towards a more dovish stance sooner than anticipated.
This could lead to a more favorable environment for risk assets, including stocks and cryptocurrencies.
š¢ Whatās Next?
Watch for Fed commentary and upcoming economic data to gauge the likelihood of a shift in monetary policy.
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