Macro & Economy

Wholesale prices rose 1.1% in May, more than expected, on surge in energy

CNBC Economy···1 min read
Wholesale prices rose 1.1% in May, more than expected, on surge in energy
⚡ CryptoTradeSignals AI Take▲ Bullish

Risk-on signal — the kind of backdrop that has historically fuelled BTC, ETH.

Affected: BTC, ETH·medium confidence

Live signals on the assets in this story

Our own real-time Trap Score and AI verdict for the coins this story moves — original analysis, not from CNBC Economy.

BTCBitcoin
6.0/10HIGH RISK
NEUTRAL$63,739.00 +1.24%
View full BTC analysis →
ETHEthereum
7.5/10HIGH RISK
STAY AWAY$1,672.71 +0.94%
View full ETH analysis →

KEY POINTS

  • The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.

The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.

Read the full story at CNBC Economy

Summary & AI Take by CryptoTradeSignals — automated analysis, not financial advice. Full reporting belongs to CNBC Economy.

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