‏🚨 The Producer Price Index (PPI) for July, which came in higher than expected (3.3% year-on-year compared to an estimated 2.5%), indicates that wholesale price inflation continues, which may delay Federal interest rate cuts and put pressure on stocks by raising bond yields. Nevertheless, markets rose after the report was released - with the Dow Jones increasing by 1.04%, the S&P 500 by 0.32%, and the Nasdaq by 0.14% - as investors focused on recent weak inflation and bet on easing monetary policy in September.#BTCBreaksATH #REVABinanceTGE $XRP