US PPI at 6.5% undershoots forecasts as Bitcoin and Ether edge higher
AI summary
US producer price inflation came in at 6.5%, with both headline readings undershooting forecasts. Despite the softer data, interest-rate markets still priced in a December Fed hike. Bitcoin and Ether edged higher, but the persistent rate-hike expectations keep macro pressure on crypto.
Narrative history
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17H AGOYou’re reading thisUS PPI at 6.5% undershoots forecasts as Bitcoin and Ether edge higherThe Defiant · Score 55
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13 NOV · 15:17crypto.news · Score 55 · via 6.5%, US PPI
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13 NOV · 14:36crypto.news · Score 45 · via US PPI, PPI
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13 NOV · 14:01BeInCrypto · Score 55 · via US PPI, Cooler US
