{"id":811966,"date":"2024-12-12T22:12:50","date_gmt":"2024-12-13T04:12:50","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/12\/us-ppi-hits-3-year-over-year-sparks-concerns-over-feds-hawkish-move\/"},"modified":"2024-12-12T22:12:50","modified_gmt":"2024-12-13T04:12:50","slug":"us-ppi-hits-3-year-over-year-sparks-concerns-over-feds-hawkish-move","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/12\/us-ppi-hits-3-year-over-year-sparks-concerns-over-feds-hawkish-move\/","title":{"rendered":"US PPI Hits 3% Year-Over-Year, Sparks Concerns Over Fed\u2019s Hawkish Move"},"content":{"rendered":"<div id=\"main-content-row\">\n<div>\n<figure><img width=\"1200\" height=\"628\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/05\/02162237\/Analyzing-the-Impact-of-the-Latest-FOMC-Meeting-on-Bitcoin-and-Cryptocurrency-Markets.webp\" alt=\"FOMC meeting impact on cryptocurrency\" data-main-img=\"1\" decoding=\"async\" fetchpriority=\"high\"  ><\/figure>\n<\/div>\n<div id=\"the-post\">\n<p>According to the latest data, the US PPI rose 3% from the year prior, up from the 2.4% in October, and above the 2.6% increase economists had projected. This marked the highest year-over-year increase since February 2023. Thursday\u2019s PPI reading comes one day after the release of the November CPI index showed core inflation rose 3.3% for the fourth-straight month. The hotter-than-anticipated figure has also sparked concerns over a potential hawkish move by the Fed in the next week. Also, Still inflation is not quickly falling toward the Fed\u2019s 2% target which has prompted investors to anticipate fewer Fed rate cuts in 2025 than initially expected.<\/p>\n<\/div>\n<div>\n<h2>We&#8217;d Love to Hear Your Thoughts on This Article!<\/h2>\n<div>\n<h4>Was this writing helpful?<\/h4>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/coinpedia.org\/crypto-live-news\/us-ppi-hits-3-year-over-year-sparks-concerns-over-feds-hawkish-move\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Nidhi Kolhapur<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the latest data, the US PPI rose 3% from the year prior, up from the 2.4% in October, and above the 2.6% increase economists had projected. This marked the highest year-over-year increase since February 2023. Thursday\u2019s PPI reading comes one day after the release of the November CPI index showed core inflation rose<\/p>\n","protected":false},"author":1,"featured_media":811967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24313,140157],"tags":[],"class_list":["post-811966","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sparks","category-year-over-year"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/811966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=811966"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/811966\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/811967"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=811966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=811966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=811966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}