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๐ฅ U.S. PPI Surges More Than Expected in January โ Inflation Worries Rise! ๐
The U.S. Producer Price Index (PPI) jumped 0.4% in January, outpacing forecasts of 0.3% and marking a sharp rise from 0.2% in December. On a yearly basis, PPI surged 3.5%, exceeding expectations of 3.2%. Core PPI (excluding food & energy) also climbed 0.3% last month, reinforcing inflationary concerns.
๐ฐ Bitcoin remained steady at $96,000 despite looming Trump tariff announcements and market pressure. The report gained extra significance after the hotter-than-expected CPI data and Fed Chair Jerome Powell's testimony, where he acknowledged inflation remains a challenge.
๐จ With the Fed holding off on rate cuts and inflation still running hot, markets now expect just one rate cut in 2025. Buckle upโuncertainty remains high!
โ#Economy Inflation #PPI Bitcoin #StockMarket FederalReserve ๐