U.S. March PPI "comes as a surprise," inflation expectations cool down!


Will the Federal Reserve cut interest rates?
At 20:30 Beijing time tonight, the U.S. March PPI data will be released—4.0% year-on-year, above the previous 3.4% but below market expectations. This combination is an interesting one: inflation is rising, but the pace is slower than expected.
What does that mean? Supply-chain price pressures are easing, and the inflation transmission chain is not as tight as the market worries. Impact on the market: the U.S. Dollar Index pulls back in the short term → positive for gold and Bitcoin; Federal Reserve rate-cut expectations recover → gold is supported around 4,780, so watch the $4,854-$4,913 range for key levels.
But do note: CPI has already risen to 3.3%, and the Federal Reserve won’t change course based on just one month of data.
Higher rate-cut expectations ≠ rate cuts coming immediately. Next, focus on the Fed’s policy meeting at the end of this month—over the past five times, after each meeting, the prices crashed. Will this time be any different? #美国PPI #通胀 #美联储 #黄金 #BTC
BTC1,29%
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