1d ago
US February PPI Jumps 0.7% as Crypto Slips Ahead of March Fed Rate Call
U.S. producer inflation rose faster than expected in February, with PPI up 0.7% month over month and 3.4% year over year. As markets awaited the Fed's March decision and Jerome Powell's 2:30 p.m. ET remarks, major tokens traded lower, including Bitcoin near $72,394 and Ethereum around $2,243.