U.S. March PPI "Surprises to the Downside," Inflation Expectations Cool Down!


Will the Federal Reserve Cut Rates?
Tonight at 8:30 PM Beijing Time, the U.S. March PPI data will be released—4.0% annual rate, higher than the previous 3.4%, but below market expectations. This combination is interesting: inflation is rising, but the pace is slower than expected.
What does this indicate? Supply chain price pressures are easing, and the inflation transmission chain is not as tight as the market fears.
Market impact: the dollar index short-term retreat → positive for gold and Bitcoin, Fed rate cut expectations rise → positive for risk assets.
Gold finds support around 4,780, watch the 4,854-$4,913 range.
But note: CPI has already risen to 3.3%, the Fed won't change course based on one month's data.
Rising rate cut expectations ≠ imminent rate cuts.
Next, focus on the Fed's monetary policy meeting at the end of this month—over the past five meetings, each time the market crashed after the announcement. Will this time be different? #美国PPI #通胀 #美联储 #黄金 #BTC
BTC1,2%
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