The post United States Producer Price Index soars in April amid Iran war appeared on BitcoinEthereumNews.com.
The United States (US) Producer Price Index jumped to 6% on a yearly basis in April, following the 4.3% posted in March and largely surpassing the expected 4.9%. On a monthly basis, the PPI rose 1.4%, doubling the March reading of 0.7%, and much higher than the anticipated 0.5%. Wholesale inflation hit its highest since December 2022, not really a surprise considering what’s going on in the Middle East. The energy supply disruption triggered by the Iran war is the main source of higher inflationary pressures around the globe and what’s twisting central bankers’ hands. The figures came a day after the Consumer Price Index (CPI) rose by 3.8% in the same period, nearly doubling the Federal Reserve’s (Fed) goal of 2%, spurring speculation that the central bank will have no choice but to hike interest rates. Market reaction The US Dollar Index (DXY) retains the positive momentum acr
The post US PPI Shocker Hits 6% in April 2026, Crushing Fed Rate Cut Hopes appeared on BitcoinEthereumNews.com.
US Producer Price Index (PPI) Final Demand jumped 6% in April 2026, the highest reading since January 2023. The print came in well above the 4.9% consensus forecast. The monthly gain hit 1.4%, nearly triple the 0.5% consensus, while core PPI rose 1% on the month. Both headline and core figures now sit at three-year highs. Services Drove the April Surge Final demand services climbed 1.2%, the largest monthly advance since March 2022. The gain accounted for roughly 60% of the headline move, according to the BLS release. PPI 6% YoY, Est. 4.9%PPI 1.4% MoM, Est. 0.5% PPI Core 5.2% YoY, Est. 4.3%PPI Core 1% MoM, Est. 0.3% — Wall St Engine (@wallstengine) May 13, 2026 Trade services margins rose 2.7%, while transportation and warehousing prices jumped 5%. Final demand goods advanced 2%, with energy up 7.8% and gasoline prices climbing 15.6%. The narrowest core measure excludes food,
The post Why is bitcoin down today: Hotter-than-expected inflation data knocks BTC below $80,000 appeared on BitcoinEthereumNews.com.
U.S. producer prices for April came in far hotter than expected on Wednesday, complicating the Federal Reserve’s path forward to ease monetary policy later this year. The April Producer Price Index rose 1.4% month-over-month, nearly triple economists’ expectations for a 0.5% increase. Annual producer inflation accelerated to 6%, while core PPI excluding food and energy climbed 1% on the month and 5.2% year-over-year, both well above forecasts. The report reinforced that inflation is reaccelerating after Tuesday’s consumer price index (CPI) rose 3.8% year-over-year, the hottest inflation reading in almost three years. Bitcoin (BTC), which traded above $81,000 overnight, quickly dropped below the key $80,000 level in the minutes following the release before recovering slightly. The largest cryptocurrency was recently changing hands just above $80,000, down
A stronger-than-expected U.S. inflation print has complicated the Federal Reserve’s policy outlook, with markets rapidly repricing the likelihood of rate cuts this year after April’s Producer Price Index (PPI) came in at 1.4%. A stronger-than-expected U.S. inflation print has complicated…
The post US annual producer inflation climbs to 6% in April vs. 4.9% expected appeared on BitcoinEthereumNews.com.
Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), rose to 6% on a yearly basis in April from 4.3% in March, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading surpassed the market expectation of 4.9% by a wide margin and it was the highest since December 2022. On a monthly basis, the PPI rose 1.4%, following the 0.7% increase recorded in March and coming in well above analysts’ estimate of 0.5%. Other details of the report showed that the PPI ex Food & Energy was up 5.2% YoY in April, compared to the market forecast of 4.3%. Market reaction The US Dollar (USD) Index continues to push higher in the early American session and was last seen rising 0.26% on the day at 98.55. Source: https://www.fxstreet.com/news/us-annual-producer-inflation-climbs-to-6-in-april-vs-49-expected-202605131239
The post $11.77T Charles Schwab Launches Spot Bitcoin Trading appeared on BitcoinEthereumNews.com.
Charles Schwab has begun rolling out spot bitcoin trading to retail clients in the United States, marking a major expansion of crypto access through one of the country’s largest brokerage firms. The company announced Tuesday that an initial group of eligible customers can now trade bitcoin through its new platform, Schwab Crypto. The launch gives retail investors direct access to digital assets inside Schwab’s existing brokerage ecosystem, rather than through third-party exchanges or exchange-traded funds. Charles Schwab said the rollout follows plans first outlined last year and confirmed in April. The firm previously limited crypto exposure to ETFs, futures, and other indirect investment products. The new platform allows customers to buy and sell spot bitcoin while maintaining a separate crypto account connected to their Schwab brokerage profile. Charles Schwab Premier Bank will act as
The latest market reaction follows April’s Producer Price Index (PPI), which rose 1.4%, significantly above economist forecasts of around 0.5%. The hotter-than-expected print has reinforced concerns that inflationary pressures in the U.S. economy remain sticky, reducing the likelihood of near-term…
The post United States MBA Mortgage Applications up to 1.7% in May 8 from previous -4.4% appeared on BitcoinEthereumNews.com.
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The post Bitcoin and Ethereum Arrive on Wall Street Giant Charles Schwab for Selected Retail Clients appeared on BitcoinEthereumNews.com.
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