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US PPI SURGES SHARPLY - PRODUCTION INFLATION ACCELERATING 📈🔥
• April PPI 🔴: Rose 1.4% MoM and 6.0% YoY, far above expectations.
• Core PPI 🔴: Rose 1.0% MoM and 5.2% YoY, hotter than forecast.
Production cost pressures are surging again. With both CPI and PPI coming in hot, the Fed is likely to maintain a hawkish stance longer and delay rate cuts.
This is BAD NEWS for MARKET !!!
$SOL $TAO $SUI
#USPPI #USCPIHits3.8% #DailyOrbit


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