#US October PPI year-on-year 6.5% below expectations
About US October PPI year-on-year 6.5% below expectations
Data from the U.S. Bureau of Labor Statistics shows that the Producer Price Index (PPI) rose 6.5% year-over-year in October, reaching the highest level in four years but below market expectations. After the data release, U.S. stock futures briefly rose, with S&P 500 futures up 0.43% and Nasdaq futures up 0.72%. Market discussions about whether the Federal Reserve will raise interest rates in December continue, with some views suggesting that inflation remains sticky and the Fed's credibility is damaged, while some traders are focusing on how changes in rate cut expectations might impact risk assets like BTC.
Hot
Latest
US October PPI year-on-year 6.5% below expectations Popular posts
📊 PPI came in cooler than expected. The Fed’s 50 bps rate-hike scenario just lost some momentum.
The US released its October 2026 Producer Price Index (PPI) on November 13, showing a smaller monthly increase than economists expected.
📉 PPI data:
- Monthly PPI: +0.3%, below the +0.4% forecast.
- Annual PPI: +6.5%, below the +6.6% forecast.
- Annual inflation accelerated from 6.3% in September.
- Core PPI: +0.3% MoM and +5.0% YoY, matching expectations.
🏦 December Fed rate-hike expectations (LSEG data cited by TechFlow):
- 25 bps hike: 91%, up from 86%.
- 50 bps hike: 9%, down from 14%.
Market angle: Softer-than-expected monthly producer inflation reduced expectations of an aggressive 50 bps hike. However, annual PPI accelerated to its highest level since November 2022, so inflation pressure remains a concern.
The market is leaning toward 25 bps instead of 50 bps. That’s a smaller punch from the Fed, not a promise of a rate cut. 👀
Will the PPI relief be enough to ease pressure on Bitcoin and other risk assets?
U.S. PPI drops ~25 minutes after this post. Bitcoin already broke the floor.
$BTC ~$69,200 at 20:05 ICT on Binance, −5.1% in 24h, after a $67,568 low. $70,000 is the first test; reclaiming $71,113–$72,000 = repair. A close under $67,568 = no floor yet. October PPI lands 20:30 ICT (BLS); September printed +1.3% m/m. A hot print feeds rate-hike fears.
NFA.
#Bitcoin #PPI
Buying before PPI, or after?
The Fed is the real story behind this crash. Core CPI beat forecasts for a third straight month and the hawkish chorus is getting louder — $BTC is paying the price at $68,749. December is the next catalyst: a hawkish Fed keeps $67,568 in play, but PPI came in cooler at +0.3% — the data isn't all hawkish. Reclaim $70K and this turns into a relief rally. Is December a hike or a hold in your book? #BTC #Bitcoin #Crypto
MS Awan
#FedHawkishChorus Higher interest rates could put pressure on stocks, Bitcoin and other risk assets.
The US dollar and Treasury yields could benefit from a hawkish Fed.
Crypto Market Impact
A stronger US dollar and higher interest rates could create selling pressure on Bitcoin and altcoins. However, market reactions will depend on upcoming inflation data and Fed decisions.
My Take: Investors should watch the December Fed meeting closely. A more hawkish stance could increase volatility.
TODAY: 🇺🇸U.S. stocks RETRACED their early gains within 30 minutes of the market open.
Stocks opened SLIGHTLY higher after October PPI rose 0.3% month over month, below the 0.4% forecast, and while $NVDA recovered some recent losses during pre market.
The indexes then PULLED BACK from early-session levels:
• Dow −0.46%
• Nasdaq Composite −0.64%
• S&P 500 −0.55%
Despite the SOFTER monthly reading, annual wholesale inflation accelerated to 6.5% from 6.3%, keeping inflation concerns in focus.
October PPI undershot forecasts by a narrow margin, yet annual growth still reached a near-four-year high. That makes the report a modest relief, not a clean inflation reset. With payrolls and core CPI already firm, markets raising December 25 bp hike odds to 91% looks internally consistent, though the policy path remains data-dependent.
#USPPIBelowForecasts
Daily Roundup of Key US Economic Data for Nov. 13
02:39 PM EST, 11/13/2026 (MT Newswires) -- The PPI rose by a less-than-expected 0.3% in October following a 1.4% gain in September, with energy prices down 0.1% and food prices up 1.3%.
Core prices, which exclude food and energy, rose by 0.3%, as expected, after a 0.8% increase in the previous month.
The year-over-year growth pace for producer prices accelerated to 6.5% from 6.3% in the prior month, while core prices remained at a 5.0% year-over-year rate.
Natural gas stocks rose by 61 billion c
US inflation is rising again, with October PPI hitting 6.5%, its highest level since November 2022.
This could make it harder for the Fed to cut interest rates, and another rate hike in December is becoming a serious possibility.
For Bitcoin, higher rates and tighter liquidity could create more selling pressure.
Can $BTC stay bullish if the Fed continues tightening?
