Polygon 2.0, EU Passes Crypto Tax Reporting Legislation
Sep 14, 2023
Market Update Markets are rising following strong August retail sales and core PPI data in line with expectations. August retail sales jumped 0.6% MoM compared to 0.1% estimates. The producer price index increased 0.7% MoM, higher than the 0.4% expected, but core PPI (excludes food and energy) was in line with estimates at 0.2%. Given the Fed’s focus on core when deciding on future rate hikes and U.S consumer resilience, markets may see glimmers of what could potentially be a soft landing. The S&P is up 0.82%, while the Nasdaq gained 0.78%. Crypto markets are following equities higher, with