#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.