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Rich Dad presents [RocketFuel] Crypto Newsl
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Quick updates from the RocketFuel Crypto team. This broadcast channel does not include chat - only updates for your convenience. *Not financial advice. By joining this group, you agree to our Terms of Service: https://rocketfuelcrypto.com/rf/legal/terms
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![Rich Dad presents [RocketFuel] Crypto Newsl](https://cdn.tlmtr.io/_next/image?url=https%3A%2F%2Fimg.telemetr.io%2Fc%2F1n2Tb9%2F5006259617780575654%3Fty%3Dx&w=256&q=75)
PPI inflation data just came in cooler than expected on both Headline and Core prints: https://x.com/DBNewswire/status/2077370155579891766?s=20
Headline PPI came in at -0.3% MoM vs 0% expected,
Core PPI came in at 0.2% MoM vs 0.4% expected,
Spoke on stream yesterday about how PPI would likely fall under expectations following the cold CPI release, and together they should push back on the narrative of a hawkish Fed even further. I believe a rate hike is effectively off the table for the next few meetings ahead of midterm elections, and the markets still have more room to price that in which should be a positive tailwind for assets in the meantime.
