📊 July PPI Shocks the Market!
The U.S. Producer Price Index (PPI) for July jumped 3.3% YoY, smashing market expectations of 2.5% — the highest level since February.
On a monthly basis, PPI surged 0.9%, marking the biggest increase since June 2022! 🚀
💡 Crypto Takeaways:
High PPI → Inflationary pressure still strong.
Fed may raise interest rates → Short-term market pressure.
Long-term: Rising demand for Bitcoin & crypto as an inflation hedge.
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