US PPI Inflation Tops Expectations
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•US PPI Inflation Data Further Sparks Concern Over Bitcoin Dip Ahead
75% Informative
US PPI inflation came in hotter-than-anticipated, sparking concerns over Bitcoin dip ahead.
US Producer Price Index (PPI) data showed that the inflation soared to 1.8% , topping market expectations of 1.6% .
The recent US CPI data also exceeds the market forecast, signaling a hawkish stance by the US Fed at their upcoming gathering next month .
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