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🇺🇸 US PPI DATA TONIGHT: RISING INFLATION COULD PUT BITCOIN UNDER PRESSURE
The US will release its October Producer Price Index (PPI) data at 7 PM IST TODAY on November 13.
Market expectations:
PPI YoY: Forecast 6.6% | Previous 6.3%
Core PPI YoY: Forecast 5.0% | Previous 5.0%
A higher-than-expected reading could signal persistent inflation, potentially increasing pressure on the Federal Reserve to maintain tighter monetary policy.
This could weigh on risk assets, including Bitcoin and the broader crypto market.
On the other hand, softer-than-expected data could improve market sentiment and support a recovery in crypto prices.
Be ready for more volatility 📈📉