The U.S. February PPI was lowered to 0%. This is the weakest number since July 2024.
Reacting positively to the softening of inflationary pressures, the dollar plummeted by 15 points in an instant. The DXY was sold down to 103.69.
Point:
PPI stagnation = Inflation pressures at the corporate level have disappeared.
Acceleration of dollar selling → Tailwind for risk assets (especially BTC and altcoins)
Expectations of interest rate cuts have resurfaced in the market.
If inflation deceleration is confirmed with the March CPI and retail sales as they are, the Fed will start considering a rate cut in June. Cryptocurrency traders should keep an eye on this.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The market reacts to the slowdown in U.S. inflation, causing the Dollar index to plummet.
The U.S. February PPI was lowered to 0%. This is the weakest number since July 2024.
Reacting positively to the softening of inflationary pressures, the dollar plummeted by 15 points in an instant. The DXY was sold down to 103.69.
Point:
If inflation deceleration is confirmed with the March CPI and retail sales as they are, the Fed will start considering a rate cut in June. Cryptocurrency traders should keep an eye on this.