1. Data explosion: US April PPI year-over-year surged to 6% (exceeding all market expectations), core PPI year-over-year 5.2%, both hitting recent highs, indicating inflation stickiness far beyond expectations.



2. Accelerated inflation transmission: Rising energy prices push up logistics and storage costs, inflation is transmitting from wholesale to consumer levels, with subsequent CPI upward pressure sharply increasing.

3. Market pricing reversal: Expectations of interest rate cuts this year have completely disappeared, the probability of rate hikes before the end of the year has soared to over 30%, and the Federal Reserve is forced to adopt a more hawkish policy stance.

4. Impact on the crypto market: High inflation + rising rate hike expectations strengthen the dollar and US Treasury yields, short-term pressure on risk assets like BTC, and liquidity tightening expectations suppress market sentiment. #btc #Gate广场五月交易分享 #美国4月CPI上涨3.8%
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