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Why Is XRP Down Today?
XRP slid about 4% as traders lifted the odds of a Federal Reserve rate hike to 70% after wholesale inflation rose 5.4% year over year.
Summary by The Motley Fool
4 Articles
4 Articles
Today, the eagerly awaited Producer Price Index (PPI) data was released in the US ahead of tomorrow's Consumer Price Index (CPI) data. As PPI accelerated on an annual basis, the probability of a Fed interest rate hike in September increased further. According to Fed WatchTool data prior to the release, the probability of a September rate hike was still priced at 62.2%, while after the data release, this rate rose to 70%. At this point, Bitcoin, …
Coverage Details
Total News Sources4
Leaning Left2Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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