🔥 #HotJulyPPI Alert

U.S. Producer Price Index for July just blew past expectations — +3.3% YoY and +0.9% MoM, the sharpest rise in months. Services led the charge (+1.1%), followed by goods (+0.7%). Core PPI is also climbing—MoM +0.6%, YoY ~2.8%.

Markets are reacting: crypto just lost over $100B as traders adjust to sustained inflation pressures and a more cautious Fed.

Stay tuned — the ripple effects could be in play across both traditional and crypto markets.