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North
01-14

Today’s inflation data (PPI) came in hotter than expected. 3.0% vs 2.7% exp CPI = what consumers are feeling now PPI = what might flow through later Markets care more about CPI first, PPI second CPI from yesterday was positive for crypto (cooling inflation). PPI today was negative for crypto (hotter inflation) So we should see the PPI add short term noise but not a trend reversal.

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