🚨 INFLATION IS NOT SLOWING AND FED HAS NO CHOICE US PPI rose 1.3% in September against 0.5% expected On a yearly basis, producer prices are now up 6.3%, the highest since December 2022 Core PPI rose 0.7%, up from 0.2% last month Energy costs for producers surged 10.8% in a single month And it's spreading: transportation costs rose 3.4% and food rose 1.2% This matters because PPI shows what businesses are paying today What businesses pay today, consumers usually pay tomorrow Yesterday's CPI already came in hot at 3.7% Now PPI shows even more inflation is still in the pipeline That makes another FED hike even more likely, possibly as soon as October 28 Higher rates mean less liquidity That's a headwind for crypto