All Star Economic News

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Consumer Spending Slows To 0%, Market Smells Rate Cuts, Bitcoin ETFs Shatter Records

Welcome to TBL Weekly #94—the free weekly newsletter that keeps you in the know across bitcoin, rates, risk, and macro. Grab a coffee, and let’s dive in.

Good morning everyone, happy Saturday ☕

The week kicked off in earnest with PPI on Tuesday that came in red hot. Producer prices are the price of goods as they leave their place of production. They serve as an upstream indicator for price inflation before they hit shelves and wind up as consumer price inflation. The expectation was for a bump in the month-over-month change in producer prices from 0.2% to 0.3%—it came in at 0.5%. This brings the yearly rate of producer price increases on to 2.1%, the fastest pace since last September:

See Article: https://www.zerohedge.com/news/2024-05-18/consumer-spending-slows-0-market-smells-rate-cuts-bitcoin-etfs-shatter-records