Okay, so it turns out that the Producer Price Index (PPI) for July was a bit like that surprise guest at a party – you thought it’d be fun, but all it did was bring the mood down. 🍷😖
Bitcoin, the darling cryptocurrency that was revving its engines as if the Fed was about to hand out interest rate cuts like candy, suddenly did a U-turn faster than I can say “cryptocurrency crash!” 🚗💨
The PPI Roller Coaster: Bitcoin’s Sudden Descent
This month’s PPI decided to throw a party of its own with a whopping 0.9% surge, both month-over-month and year-over-year, completely outpacing what everyone thought it would do. Honestly, it seems like it had too much caffeine! ☕️📈
| Event | Period | Actual | Previous | Consensus |
|---|---|---|---|---|
| PPI MoM | JUL | 0.9% | 0% | 0.2% |
| Core PPI MoM | JUL | 0.9% | 0% | 0.2% |
| Initial Jobless Claims | AUG/09 | 224K | 227K | 228K |
| Continuing Jobless Claims | AUG/02 | 1953K | 1968K | 1960K |
| Core PPI YoY | JUL | 3.7% | 2.6% | 2.9% |
| Jobless Claims 4-week Average | AUG/09 | 221.75K | 221K | |
| PPI | JUL | 149.671 | 148.270 | |
| PPI Ex Food, Energy and Trade MoM | JUL | 0.6% | 0% | |
| PPI Ex Food, Energy and Trade YoY | JUL | 2.8% | 2.5% | |
| PPI YoY | JUL | 3.3% | 2.4% | 2.5% |
Now, hold onto your hats because this spike in producer prices screams inflation like my cat screams when it sees a cucumber. 🥒😼 Businesses are going to pass these costs straight on to the customers, and we all know what that means: higher prices, longer shopping lists, and possibly a very grumpy Fed! 🛒📉
And just when you thought Tuesday’s July CPI report would be a snooze-fest, it showed a steady reading, suggesting that those businesses might be feeling generous (or terrified) and absorbing the costs for now. Where’s the fun in that? 😜
This unexpected twist has left the Federal Reserve scratching their heads, making future plans for interest rate cuts feel as secure as a cat on a skateboard. 🚀🐾
Market expectations took a nosedive, courtesy of the CME FedWatch Tool, which has suddenly gone from predicting three rate cuts to just two. Bye-bye extravagant rate cuts, hello cautious optimism! 🙄💸
Retail Sales: The Next Chapter Unfolds
As we eagerly await the US retail sales report later tonight, the stakes are higher than my last attempt at baking a soufflé. 🥐📈 If those figures show consumer spending is thriving, prepare for inflation fears to hit the roof and your wallet to get even thinner. 📉💔
Bitcoin’s recent bullish rally felt like a fairy tale until the July Non-Farm Payrolls report decided to crash the party like an uninvited relative. But fear not! If the retail sales data surprises us, Bitcoin’s dreams of a soft landing might just be going out the window. 🪄✨
By the time the clock struck 11:00 am UTC on Friday, Bitcoin was quoted at roughly $118,900 on the Binance exchange, proof that sometimes, reality bites harder than a surprise billing statement. 📈💔
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2025-08-15 14:45