US September PPI smashes forecasts: core up 0.7% m/m, Bitcoin reacts
- —Core PPI m/m: 0.7% vs 0.3% expected and 0.2% prior
- —Core PPI y/y: 5.0% vs 4.4% expected and 4.6% prior
- —Headline PPI m/m: 1.3% vs 0.6% expected and 0.4% prior
- —Headline PPI y/y: 6.3% vs 5.3% expected and 5.4% prior
Why it matters: The hot PPI adds pressure on risk assets and raises the odds of further Fed tightening, threatening Bitcoin with another wave of liquidations.
Source: Bitcoin Sistemi