After the CPI data that was announced yesterday and came under expectations, data on the Producer Price index were announced today.
PPI data came in below expectations. The data disclosed is as follows:
Producer Price Index (PPI) (Annual) Expected: 1.5% Announced: 1.1%
Producer Price Index (PPI) (Monthly) Expected: – 0.1% Disclosed: – 0.3%
Core Producer Price Index (PPI) (YoY) Expected: 2.9% Announced: 2.8%
Core Producer Price Index (PPI) (MoM) Expected: 0.2% Announced: 0.2%
While there is a pullback in the Dollar index after the data, Bitcoin is struggling with the $26,000 resistance.