US PPI and Jobless Claims Announced!

• Monthly PPI was announced at 0.1%. The expectation was 0.2%. (Previous: -0.5%)
• Annual PPI came in at 2.6%, in line with expectations. (Previous: 2.4%)
• Jobless claims were recorded at 248,000. (Expectation: 242,000, Previous: 247,000)

While the data is generally interpreted as showing moderate inflation pressures, jobless claims in the labor market do not appear to be as positive. This is interpreted by the markets as a neutral to positive signal.

Will There Be a Rate Cut?

The biggest question mark on investors’ minds continues to be the expectation of a rate cut. Especially compared to the data released in December, the current data has strengthened investors’ probability that the Fed will cut rates in September. Market participants evaluate the probability of a rate cut in September followed by a second cut in October as 80%.

Impact on Bitcoin and Cryptocurrency Markets

Following the data release, Bitcoin is trading at $107,203. In recent days, geopolitical tensions and global trade agreements have led to increased volatility in the crypto market.

Although the US data did not directly cause a sharp price movement, crypto investors continue to closely monitor macroeconomic developments.

This content does not constitute investment advice. Markets involve high risk, and it is important to conduct your own research before making investment decisions.

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