US PPI Inflation Exceeds Expectations
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US PPI Inflation dataCoinGape
•US PPI Cools To 1.7%, Is Fed's 1.25% Rate Cut Plan Still On Table?
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 .
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