US PPI Surges at 3%
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recent CPI inflationCoinGape
•US PPI Inflation Accelerates 3%, What's Next For Crypto Market?
64% Informative
The latest Labor Department data showed that the US PPI accelerated at 3% in November , up from 2.4% noted in October .
The surge also exceeded market forecasts, dampening the hopes of the crypto market enthusiasts.
This hotter-than-anticipated figure appears to have weighed on the traders’ sentiment.
Besides, it also sparked concerns over a potential hawkish move by the US Federal Reserve .
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