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Hotter-than-expected US CPI and PPI data reportedly triggered a sharp market sell-off · Digg

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Hotter-than-expected US CPI and PPI data reportedly triggered a sharp market sell-off

A market commentator says Fed Chair Kevin Warsh is set to speak on October 16 at 5:30 a.m. ET.

1 Source, 2h ago, first seen 2h ago

TLDR

A market commentator says hotter-than-expected CPI and PPI data triggered a sharp market sell-off ahead of Fed Chair Kevin Warsh's scheduled October 16 speech. They predict more volatility, suggesting a hawkish speech would be bearish for stocks and crypto, a dovish one bullish, and a neutral one would bring a mixed market reaction.

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58K

1 Source, first seen 2h ago

Combined views

58K

1 Source, first seen 2h ago

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67 comments

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51 reposts

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1 Source

@cryptorover🇺🇸 FED CHAIR KEVIN WARSH SPEAKS TOMORROW AT 5:30 AM ET! His speech comes right after hotter-than-expected CPI and PPI inflation data triggered a sharp market sell-off. Here's what to watch: HAWKISH → BEARISH for stocks and crypto. DOVISH → BULLISH for stocks and crypto. NEUTRAL → MIXED market reaction. EXPECT MORE VOLATILITY!2h