Source: The Kobeissi Letter
9 0
Bearish

August US PPI inflation hits 5.4% and lifts Fed rate hike odds

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1 min

August PPI inflation rose to 5.4%, above expectations of 5.3%. Core PPI increased to 4.6%, the highest since June 2026. July headline and core PPI were revised higher. Rate hike probabilities increased on the release.

Potential market impact: higher rate expectations typically pressure risk assets including cryptocurrencies and support the dollar and bond yields.

Original publication

Authors credited by the source: thekobeissiletter

Published by Holder based on an external source.