📈 May PPI inflation surges to 6.5% — highest since November 2022, beating expectations of 6.4%. Core PPI holds at 4.9%. Producer prices are a leading indicator for consumer inflation — costs flow through to retail within 1–3 months. This print lands at the same time the ECB has already hiked rates citing Iran-war inflation, creating a coordinated tightening narrative. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: If the Fed follows the ECB's lead, liquidity conditions tighten further across all risk assets. For crypto, this is a headwind: higher rates increase the opportunity cost of holding non-yielding assets and reduce speculative leverage capacity. Watch for Fed commentary and rate-hike pricing in fed funds futures. source: KobeissiLetter Track real-time signals & trade → https://hupzy.com/trending(Hupzy (Spot On Chain))