September Rate Cut Now Imminent After Shock Inflation Data as Bitcoin Eyes 150K
Yahoo Finance·2025-09-11 02:19
U.S. wholesale inflation unexpectedly declined in August, setting the stage for a Federal Reserve rate cut next week and sending Bitcoin higher as traders bet on looser monetary policy. The Producer Price Index (PPI) for final demand slipped 0.1% in August, the first monthly drop in four months, following a downwardly revised 0.7% increase in July, according to data released Wednesday by the Bureau of Labor Statistics. Weak PPI, Fragile Jobs Market Put Fed Under Pressure Ahead of Key Meeting Economists ...