US PPI Data Surprises to the Upside, Sends Hawkish Signals, Bitcoin Plunges to $72K

Inflation just kicked the door in, and February’s Producer Price Index is the kind of uninvited guest the Federal Reserve definitely did not RSVP for. U.S. Wholesale Prices Jump, Reinforcing Higher-for-Longer Rate Narrative Wholesale prices rose 0.7% in February, nearly double expectations and a not-so-subtle reminder that inflation still has a pulse — and apparently […]