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🚨 U.S. August PPI rose 5.4% year over year; keep a close eye on CPI next



The U.S. August PPI released on September 10 rose 0.4% month over month and 5.4% year over year. Among them, energy prices rose 4.2% month over month, making them the main driver of price increases on the goods side. Source: BLS

My view: Cost pressures are still present. For U.S. tech stocks and BTC to open up room for gains on expectations of looser policy, more evidence is needed.

The next key event is the U.S. CPI at 20:30 on September 11 (Beijing time). I’ll first look at the core components, then at U.S. Treasury yields and BTC’s follow-through support, and won’t rush to chase the first move after the data release. Release calendar

#美股 #BTC #宏观
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DisciplinePliers
9 minutes ago
Let’s wait for tonight’s CPI; when the data conflicts, position management is put to the greatest test.
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QuantFarmer
10 minutes ago
PPI came in above expectations, and energy has indeed been on a tear this time.
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GrokTheMeme
13 minutes ago
Energy +4.2%—all too real; inflation is stickier than expected.
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CrossChainScavenger
14 minutes ago
5.4% year-on-year, rate cut expectations are likely to be scaled back again.
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GutFeelingTrader
18 minutes ago
Not chasing the first wave +1; let the market digest it for half an hour.
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SnapshotHunter
19 minutes ago
First Review
If US Treasury yields surge, BTC will probably be the first to take a hit.
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