April PPI numbers are due out at market open, with estimates below March numbers. I think the PPI will peak first, and that translates weeks down the line to consumer prices, says Michael Zarembski. The Fed is going to remain very aggressive in tightening policies as inflation is still high, he explains. Michael and Ben analyze the chart of bitcoin futures (/BTC) and show a retracement level. Michael says to keep an eye on the PPI as it may signal a top in inflation.
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12 May 2022
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