Jack 链王
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July PPI Exceeds Expectations, What's Up with the Big Coin Roller Coaster? Let's Chat!
Hey guys, the crypto market is a bit chaotic today! The US July PPI annual rate is 3.3%, which is higher than everyone's guess of 2.5%, and the market is panicking. The big coin has been like a roller coaster these past few days, going up and down uncontrollably, and everyone in the group is guessing if there's any connection. Let's chat about it together today!
What does PPI exceeding expectations mean?
PPI looks at producer costs, rising 3.3% in July, more than expected, indicating that price pressure is coming.
What's the reason: I've heard Trump's new tariffs are causing costs to rise rapidly, and service and goods prices are following suit.
Market reaction: As soon as the news came out, the dollar plummeted, gold rose, and interest rate cut expectations became unclear, it might not happen in September.
What does PPI exceeding expectations mean?
PPI looks at producer costs, rising 3.3% in July, more than expected, indicating that price pressure is coming.
What's the reason: I've heard Trump's new tariffs are causing costs to rise rapidly, and service and goods prices are following suit.
Market reaction: As soon as the news came out, the dollar plummeted, gold rose, and interest rate cut expectations became unclear, it might not happen in September.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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