April PPI surges 1% MoM, the highest since March 2022. Arthur Hayes links AI competition to crypto gains, predicting $126K BTC.
Hotter-than-expected PPI data sends shockwaves through luxury sector, prompting Barclays downgrade.
Producer prices soared 1.4% in April, led by a 15.6% spike in gasoline, the largest monthly increase since March 2022.
April PPI surged 1.4%, far above expectations, yet the Dow Jones rose. We analyze why inflation fears are being shrugged off.