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Producer prices see largest rise in four years: BLS
Hotter U.S. inflation and a 26% drop in crypto futures volume pushed traders to cut risk as bitcoin and ether positions were closed.
Summary by The Hill
72 Articles
72 Articles
Producer prices see largest rise in four years: BLS
Producer prices rose by 1.3 percent from August to September, the largest jump in more than four years, according to data from the Bureau of Labor Statistics (BLS). September’s increase, as measured by the producer price index (PPI), is the largest since producer prices rose by 1.7 percent from February to March 2022. That spike...
·Washington, United States
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Major cryptocurrency prices are falling as U.S. inflation figures exceeded expectations. According to CoinMarketCap, a global digital asset market data site, as of 8:11 AM on the 15th, Bitcoin was trading at $81,513, down 2.01% from 24 hours ago. Ethereum recorded $2,416, down 3.36%. Major altcoins such as XRP (-2.49%) and Solana (-2.03%)
Coverage Details
Total News Sources72
Leaning Left0Leaning Right1Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
14%
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