#HotJulyPPI July’s Producer Price Index (PPI) came in hotter than expected, signaling persistent inflation pressures in the U.S. economy. Headline PPI rose 0.4% MoM, doubling the forecast of 0.2%, while core PPI climbed 0.3% MoM. On a yearly basis, headline PPI reached 3.2%, the highest in six months. The data strengthens the case for the Fed to maintain higher interest rates for longer, sparking volatility across traditional and crypto markets. Bitcoin briefly dipped below $111K before rebounding, while altcoins saw mixed performance. Traders now eye upcoming CPI data for further clues on inflation trends and potential monetary policy shifts.