2024

Core

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-analyze-us-producer-inflation-data/" data-wpel-link="internal">Investors Analyze US Producer Inflation Data</a> 
Yesterday’s US Consumer Inflation <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> was below expectations, yet the stock and <a href="https://en.coin-turk.com/crypto-market-challenges-strengthen-amid-sec-interference-optimistic-predictions-for-bitcoin/" data-wpel-link="internal">crypto</a> markets experienced a decline. Today’s data was the US Producer Inflation Data, one of the indicators of whether the decline in inflation will continue. So how should crypto investors interpret the latest data? 
<h2 style="text-align: justify" id="us-ppi-data-released">US PPI Data Released</h2> 
Fed Chairman Powell’s statements this week and members’ speeches also highlighted the decline in the employment sector. The downward revision of the Non-Farm Payroll data for the past few months positively affected 2024 <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> forecasts. The proportion of those expecting two cuts by the end of the year has significantly increased. However, members and Powell want to see more convincing data on the decline in inflation. 
PCE, Wage Increases, and Producer Inflation data are quite supportive for the Fed’s conviction of continued inflation decline alongside the CPI. Given the poor data in the first quarter and the subsequent volatile decline, it is not surprising that the Fed has adopted this stance. 
<ul style="text-align: justify"> 
 <li style="text-align: justify">Annual Producer Inflation Announced: +2.6% (Expectation: 2.3% Previous: 2.2%)</li> 
 <li style="text-align: justify">Monthly Producer Inflation Announced: 0.2% (Expectation: 0.1% Previous: -0.2%)</li> 
</ul> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-370148 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/BTCUSDT_2024-07-12_15-32-16.png" alt="" width="1815" height="836"> 
Core inflation also came in 0.5% higher annually. The data is quite bad for cryptocurrencies and other risk markets, and we might see a decline. While yesterday’s good inflation data did not lead to a rise, today’s bad PPI data causing a decline will be quite frustrating. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-analyze-us-producer-inflation-data/" data-wpel-link="internal">Investors Analyze US Producer Inflation Data</a></h5>

Investors Analyze US Producer Inflation Data

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