U.S. Bureau of Labor Statistics just dropped a bombshell - they're skipping October's Producer Price Index release. No PPI data this month. This is unusual since PPI numbers typically move markets, especially for risk assets. Traders were expecting this data to gauge inflation trends, but now we're flying blind on wholesale price pressures. Could mean data quality issues or revisions coming. Either way, one less macro indicator for the crypto market to react to this cycle.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
21 Likes
Reward
21
7
Repost
Share
Comment
0/400
LadderToolGuy
· 12-11 18:37
It's true that the market is blind now; there's no reference for the trend anymore.
View OriginalReply0
LiquiditySurfer
· 12-10 22:56
Surfing in blind flying mode, this wave of market movement might actually feel more refreshing. Without the macro noise from PPI, you can focus more on the real signals of on-chain liquidity... The arbitrage window might just open up like this.
View OriginalReply0
AirdropHunter9000
· 12-08 20:00
By the way, this round of PPI is just gone. Why does it feel like the BLS is up to something?
View OriginalReply0
ReverseTrendSister
· 12-08 19:59
Flying blind for real now. We'll have to see how the market plays out on its own.
View OriginalReply0
TopEscapeArtist
· 12-08 19:58
Another macro data point is missing. I choose to believe this is a bullish sign... right? From a technical perspective, without the PPI as a sentiment indicator, retail investors have one more reason to buy the dip. That's a full-on danger signal.
View OriginalReply0
ShibaMillionairen't
· 12-08 19:54
Wait, they're not releasing the PPI anymore? What are they afraid of?
View OriginalReply0
SilentObserver
· 12-08 19:44
Flying blind now, there's no data to fudge the market anymore.
U.S. Bureau of Labor Statistics just dropped a bombshell - they're skipping October's Producer Price Index release. No PPI data this month. This is unusual since PPI numbers typically move markets, especially for risk assets. Traders were expecting this data to gauge inflation trends, but now we're flying blind on wholesale price pressures. Could mean data quality issues or revisions coming. Either way, one less macro indicator for the crypto market to react to this cycle.