December PPI in the US is lower than expected》BTC breaks through $97,000, be cautious of volatility tonight when CPI is released

The US Department of Labor released the PPI report for last month, which was lower than expected, to some extent alleviating concerns about inflation and also inspiring a rebound in US stocks and BTC. (Previous context: the US dollar index rose above 110, US bond interest rates continued to rise> Barclays Bank: the Fed may only cut interest rates once this year in June) (Background supplement: Trump's tariff war threatens inflation! Fed director: interest rate cuts at the end of last year should be the 'last one in the near future') The US Department of Labor released the latest PPI (Producer Price Index) report yesterday evening, which showed that the annual growth rate of US PPI in December was 3.3%, reaching a new high since February 2023, with a previous value of 3%, but lower than the market's previous expectation of 3.4%. The monthly growth rate of PPI in December was 0.2%, reaching a new low since September 2024, and lower than the market's previous expectation of 0.3%. The monthly core PPI rate in December was 0%, both lower than the expected 0.3% and the previous value of 0.2%. Overall, the latest PPI data shows that inflation in the United States has not further intensified, mainly due to the decline in food costs and stable service prices, which helps to alleviate market concerns. BTC broke through $97,000. Encouraged by this, after the PPI data was released at 21:30, BTC briefly broke through $97,000, although selling pressure emerged afterwards, it still remained above $97,000 before the deadline, continuing to fluctuate narrowly at a high level. US stocks were inspired. With the release of the latest PPI data, US bond interest rates declined, and US stocks also received a boost. After the opening, all four major indices rose, but due to the decline in leading technology stocks, the Nasdaq index closed down: Dow Jones Industrial Average: rose by 221.16 points or 0.52%, closing at 42,518.28 points. S&P 500 index: rose by 6.69 points or 0.11%, closing at 5,842.91 points. Nasdaq index: fell by 43.71 points or 0.23%, closing at 19,044.39 points. Philadelphia Semiconductor Index: rose by 25.91 points or 0.52%, closing at 5,045.95 points. The market expects the Fed to remain unchanged this month. However, analysts believe that this report is unlikely to change the Fed's decision. According to the CME Group's FedWatch tool, the current market expects the Federal Reserve to choose to temporarily slow down the pace of interest rate cuts at the FOMC meeting at the end of this month, and the probability of keeping the Federal Benchmark Interest Rate unchanged at the current level is still as high as 97.3%. On the other hand, what is more important is the CPI data to be released tonight, which is the inflation indicator that the Federal Reserve favors more. The specific performance of the CPI will be a key factor affecting the Fed's interest rate decision and may also bring significant fluctuations to the market. Investors need to be cautious. Related reports: Limited expectation of Fed interest rate cuts, US stocks pullback, Trump's inauguration is imminent... How do analysts view the future of BTC? December FOMC meeting minutes: The Federal Reserve is concerned that Trump's tariff policy will cause inflation to rebound and slow down the pace of interest rate cuts. Trump is considering announcing a 'state of emergency' to initiate new tariff policies. Non-farm payrolls lower than expected strengthen confidence in interest rate cuts. (December PPI lower than expected) BTC breaks through $97,000, and the heavyweight CPI will be released tonight, be cautious of fluctuations. This article was originally published on BlockTempo, the most influential blockchain news media in the dynamic region.