🔥US PPI Inflation Data for September 🇺🇸

- PPI Y/Y 1.8% (Forecast 1.6%)

- PPI M/M 0% (Forecast 0.1%)

- Core PPI Y/Y 2.8% (Forecast 2.6%)

- Core PPI M/M 0.2% (Forecast 0.2%)

- Falling energy prices dragged the PPI basket down, but the services component still increased.

🔶The hopeful Q3 earnings season has sent the US stock market into a ecstatic green, with the S&P 500 up 0.61% to 5,815, Dow Jones +0.97% to 42,864, hitting a new ATH.

This has pushed BTC up sharply, erasing the decline of the previous 2 days.