Although the consumer inflation data announced on Tuesday came above the expectations, it was received positively by the markets as it was below the previous month.
The continuation of the downward trend of inflation raises the expectations that the FED will slow down the monetary tightening, and this reflects positively on the market.
After the consumer inflation data announced on Tuesday, producer inflation data will be announced today.
In order for the increase in consumer prices to stop, the costs of the producers must not increase and therefore producer inflation must maintain its downward trend. Because producer inflation data is among the important data that the FED takes into account while shaping its monetary policy.
US producer inflation data will be released at 16:30 Turkish time. Expectations and data for the previous month are as follows:
Producer Price Index (PPI) (MoM) (Jan) Expectation: 0.4%
Producer Price Index (PPI) (Annual) (Jan) Expectation: 5.4% Previous: 6.2%
Core Producer Price Index (PPI) (MoM) (Jan) Expectation: 0.3%
Core Producer Price Index (PPI) (YoY) (Jan) Expectation: 4.9% Previous 5.5%
Due to the sharp movement in the dollar index at the time of the PPI announcement, in bitcoin And in altcoins volatility may increase.
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