September US PPI: hot print
Producer prices beat forecasts on both headline and core. Energy led, but the core beat makes this hawkish for the Fed and supportive for the dollar.
Measure Actual Forecast
Headline MoM +1.3% 0.6%
Headline YoY 6.3% 5.3%
Core MoM +0.7% 0.3%
Core YoY 5.0% 4.4%
Released Oct 15, 16:30 GST
Core ran hot too, so it's not just energy
BTC dropped to around $80K today
Next FOMC decision: Oct 28, 22:00 GST
Source: https://www.bls.gov/news.release/ppi.nr0.htm
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