U.S. PPI hits 6% explosion! Powell wakes up in the middle of the night: How did this inflation zombie resurrect again?

U.S. April PPI year-over-year directly hits 6%, the market originally thought inflation was "dead and buried," but now finds out it’s not only alive but has learned to do sit-ups.

Once the news broke, U.S. stocks trembled before the market opened, gold soared in place, and Bitcoin also performed a "rollercoaster of emotions." The worst affected were those on Wall Street who had bet on rate cuts early; yesterday they were celebrating the "printing press about to restart," and today it’s turned into "dreams on hold."

Why is PPI so frightening? Because PPI is the producer price index. Simply put, factory owners, raw material suppliers, and transportation companies are all shouting: "Brothers, my costs are going crazy!"

And what is the traditional virtue of companies? Of course, not bearing it themselves, but passing it on to consumers.

So everyone suddenly realizes: CPI might just be the appetizer, the main course is still coming.

Even more surreal is that the U.S. economy has now entered a "Schrödinger’s state": weak consumption on one side, soaring prices on the other; talking about recession while employment remains ridiculously strong. It’s like someone running a high fever but still going to the gym for squats; the market can no longer understand.

Who is the most embarrassed now? Not retail investors, but the Federal Reserve.

The market had already started fantasizing about "rate cuts in September" and "three cuts by the end of the year," but this PPI data is like a bucket of ice water poured directly on that hope. Rate cuts? Hold on. Powell is probably staring at the data sheet, questioning life.

And the crypto market is also starting to split. The bears say: high inflation means high interest rates, risk assets continue to be hammered. The bulls are excited: out-of-control inflation means the dollar’s credit continues to dilute, and Bitcoin is the real digital gold.

So you’ll find that every economic data release now feels like a lottery draw.

What’s even more exciting is that U.S. Treasury yields have started to rise again. If the 10-year yield continues to surge, tech stocks might once again perform a collective "high dive."

The biggest significance of this PPI round isn’t the number "6%" itself, but that the market is beginning to doubt: Has U.S. inflation really been eliminated?

If inflation rebounds a second time, the global asset script for 2026 might have to be rewritten entirely. #Gate广场五月交易分享