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US macro data (PPI) - inflationary pressures are on the rise!
🔥 Important Producer Price Indicators (PPI) were released today, indicating that inflationary pressures are building in the US economy. The data exceeded forecasts, which could impact Fed policy and rate expectations.
📌 Producer Price Index (PPI):
(m/m) Jan - FACT: 0.4% (forecast: 0.3%, pre: 0.5%)
(y/y) Jan - FACT: 3.5% (forecast: 3.2%, pre: 3.5%)
📌 Core PPI (excluding energy and food):
(m/m) Jan - FACT: 0.3% (forecast: 0.3%, pre: 0.0%)
(y/y) Jan - FACT: 3.6% (forecast: 3.3%, pre: 3.5%)
📌 Labor market:
Initial jobless claims: FACT: 213K (forecast: 217K, pre: 220K)
👀 What does this mean for the market?
Higher than expected PPI growth increases the risks of long-term high inflation, which could delay the Fed's interest rate cuts. The crypto market and stock indices may show volatility amid expectations of future decisions by the regulator.
⚡️ Watch the market reaction and get ready for possible movements!
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