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US PPI Cools To 1.7%, Is Fed's 1.25% Rate Cut Plan Still On Table?

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Summary
Nutrition label

76% Informative

US PPI Inflation data came in cooler than expected, solidified the likelihood of interest rate cut from the Federal Reserve .

The Producer Price Index measures the final demand goods and services costs that producers receive.

Service prices contributed significantly to the PPI measure, with as much as a 0.4% monthly increase.

Bitcoin is currently trading at $ 57,780.16 , corresponding with a 3.08% increase in the last 24 hours .

VR Score

68

Informative language

62

Neutral language

49

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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