Written before the PPI data, tonight the PPI data will be updated. From the market expectations, the year-on-year PPI and core PPI are lower than the previous values, while the month-on-month rate is slightly higher than the previous values. The impact on the market should be limited, especially since yesterday's CPI data increase had a low impact on the risk market. It seems that the PPI data will also have a limited effect.

The reason is that the market is now more focused on Trump and Besant's expectations for the successor to the Federal Reserve Chair. This not only can divide Powell's power but also increase expectations for a Federal Reserve rate cut, so short-term inflation data has limited significance for the market.

Additionally, there will be a re-vote on three cryptocurrency bills, including the stablecoin bill (Genius Bill), early tomorrow morning. Trump has stated for the second time that the probability of passing is high, and the market has responded positively. At least $BTC has a chance to offset any potential pressure from the PPI (if there is any).

This article is sponsored by #Bitget ｜ @Bitget_zh

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。