Producer Inflation Jumps to 6.3%, Exceeding Estimates, as Fed Hike Pressure Builds (UPDATED)
Producer prices rose 1.3% in September, far above the 0.5% forecast, pushing annual PPI inflation to 6.3% and core to 5% a day after a hot CPI report.
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Bitcoin is pinned between $80K support and $88K resistance as ETF outflows and inflation weigh, though on-chain data suggests recovery remains intact.
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Producer prices rose 1.3% in September, far above the 0.5% forecast, pushing annual PPI inflation to 6.3% and core to 5% a day after a hot CPI report.
XRP fell 4.6%, but bullish signals, ETF inflows and growing institutional XRPL adoption could drive a rebound toward $1.60.
The Office of the Comptroller of the Currency said Wednesday, October 14, that several of America’s largest banks denied services to customers and lawful businesses because of their political or religious beliefs and affiliations.