๐ Macro Update โ U.S. PPI Surprise
According to BlockBeats, the U.S. Producer Price Index (PPI) for July jumped 3.3% YoY, beating market expectations of 2.5% ๐จ โ the highest level since February.
On a monthly basis, PPI rose 0.9%, marking the sharpest increase since June 2022.
๐ก Why it matters: Rising PPI signals stronger inflationary pressure, which could impact Fed policy decisions and ripple into risk assets like crypto.
