U.S. Producer Prices (PPI) Just Crashed đđ
Core PPI MoM: â0.1% (vs +0.3% expected)
Core PPI YoY: 2.8% (vs 3.5% expected)
Headline PPI YoY: 2.6% (vs 3.3% expected)
Translation: inflation at the producer level is cooling fast.
âĄïž Market read:
USD = Weak
Equities = Risk-on
Crypto = đ
Looks like the Fed has even more cover for those rate cutsâŠ