The April print of the Producer Price Index came in according to expectations at 2.2% — still a third consecutive monthly increase.
“PPI inflation is now up for 3 straight months for the first time since April 2022,” trading resource The Kobeissi Letter wrote in part of aKobeissi referred to ongoing bets over how the Federal Reserve might approach reducing interest rates. “We expect Powell's speech tonight to be carefully worded as always, resulting in a muted market reaction,” trading firm QCP Capital wrote in its latest update to Telegram channel subscribers.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin traders expect Fed Chair Powell to ‘pump our bags’ and BTC to target $80K+Bitcoin price displays strength ahead of this week’s U.S. macroeconomic data.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
3 reasons why Bitcoin traders say a BTC price trend reversal is overdueKey Bitcoin price metrics suggest BTC price is undervalued in its current range.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »