GeneralBearishBeInCrypto · Feb 277/105
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Hot US PPI Sinks US Stocks as Stagflation Fears Return
January's Producer Price Index surged to 2.9% year-over-year, significantly above the 2.6% forecast, with core PPI hitting 3.6% versus 3.0% expected. This unexpected inflation data caused US stocks to decline and reignited concerns about stagflation among crypto and macro market participants.