Wholesale inflation is back in focus. Here’s what PPI means for your money and Bitcoin
Bitcoin was designed as a hedge towards inflation, however each sizzling inflation report in the previous 12 months has knocked its value decrease, and Thursday’s knowledge was no totally different. The Producer Price Index rose 1.1% in May, lifting the annual improve to six.5%, the quickest tempo since November 2022 and nicely above the 0.7%…
