🇺🇸Inflation is going up.


US PPI came in at 4%, lower than the 4.6% expected.
But still up from last month's data of 3.4%.
CPI has already moved higher too.
So even if the numbers are coming in “below expectations,” the trend itself is still going up.
And that’s not a great setup for risk assets.
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin