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US PPI Inflation Data Further Sparks Concern Over Bitcoin Dip Ahead

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Summary
Nutrition label

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 .

VR Score

70

Informative language

66

Neutral language

30

Article tone

formal

Language

English

Language complexity

49

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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