US PPI Data Surprises to the Upside, Sends Hawkish Signals, Bitcoin Plunges to $72K

Inflation just kicked the door in, and Februaryโ€™s Producer Price Index is the kind of uninvited guest the Federal Reserve definitely did not RSVP for. U.S. Wholesale Prices Jump, Reinforcing Higher-for-Longer Rate Narrative Wholesale prices rose 0.7% in February, nearly double expectations and a not-so-subtle reminder that inflation still has a pulse โ€” and apparently […]

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