🇺🇸PPI and JOBLESS CLAIMS #DATA IS OUT! PPI YoY: 6.5% | forecast: 6.4% prior: 6.0%


PPI Core YoY: 4.9% | forecast: 5.4% prior: 4.4%
🇺🇸INITIAL JOBLESS CLAIMS:
Actual: 229,000 | forecast: 220,000 prior: 225,000
A cooler PPI and a higher jobless claims print signals a weaker labor market, #bearish for USD and #bullish for stocks and #crypto on rate-cut hopes. #crypto
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