🚨🚨🚨BIG-BREAKING:
PPI Data Comes in Significantly Cooler Than Expected!
Actual: 2.6%
Forecasted: 3.3%
The 0.9% miss suggests wholesale inflation pressures may be easing faster than anticipated. This is a positive signal for the broader inflation fight and could allow for a more dovish policy stance.
Market Implications: Bullish for risk assets, including crypto.
Lower inflation = lowe rates
"The market rewards the sharp and patient; Be Both."