Bitcoin, traded at Investing.com at 5:49 am today (December 10), was down 0.46% at $17,122.0.
Bitcoin, traded at Investing.com at 5:49 am today (December 10), was down 0.46% at $17,122.0.
movement in negative territorybitcoin priceToday’s session is after the Dow Jones index. Closed Friday (December 9), down 305 points after the US revealedProducer Price Index (PPI) higher numbers than expected This will be the factor that encourages the United States Federal Reserve (Fed) to proceed with raising interest rates.
industry averageDow It fell 305.02 points or 0.9% to close at 33,476.46 points. S&P 500 index shed 0.73% to close at 3,934.38 points andNASDAQ indexIt fell 0.7% to close at 11,004.62 points.
According to the US Department of Labor,PPI index It is a measure of producer spending inflation. November today, with the PPI index higher than analysts’ expectations. and destroy that hopeinflationof the United States is past its prime
The headline PPI, which includes food and energy, rose 7.4 per cent in November year on year. That was above analysts’ expectations of 7.2%.
On a month-on-month basis, headline PPI rose 0.3% in November, above analysts’ expectations of 0.2%.
The core PPI, which excludes food and energy, rose 6.2 per cent in November from a year earlier. That was above analysts’ expectations of 5.9%.
On a month-on-month basis, core PPI rebounded 0.4% in November, above analysts’ expectations of 0.2%.
Investors will be keeping an eye on the Consumer Price Index (CPI) on December 13, before the Fed releases the results of its meeting.monetary policyOn December 14, which is the last meeting this year.
