US producer prices reach 6.5% as bitcoin and ether edge higher
MARKETSFederal Reservecoinbrief/daily · 1 source
- Severity
- Low
- Sources
- 1
What happened
Both headline US inflation readings undershot consensus forecasts, according to The Defiant, though the headline cites US PPI at 6.5%. BTC and ETH edged higher on the day. Interest-rate markets still favoured a December Federal Reserve hike despite the softer prints. The article gives no further figures, so the reading and forecast levels should be checked against the official release.
For experienced traders · Written by AI from 1 source · Wrong?
What to do
- Watch the Federal Reserve's December policy decision, which rate markets currently expect to include a hike.
Written by AI from the sources, checked against them
Full story timeline · 1 update
- Sat 14 NovemberUS PPI Hits 6.5% as Bitcoin and Ether Edge HigherThe Defiant
Who reported · 1 outlet
The Defiant
Who and what is in it
Government agencies