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US PPI Inflation Accelerates 3%, What's Next For Crypto Market?

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Summary
Nutrition label

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 .

VR Score

46

Informative language

34

Neutral language

36

Article tone

formal

Language

English

Language complexity

40

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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