🚨 U.S. breaks inflation records: PPI above expectations!
📊 In July, the Producer Price Index (PPI) in the U.S. surged to 3.3% — against expectations of 2.5%. It's the highest since February!
• Monthly growth: +0.9% — a record since June 2022
• The previous figure was revised from 2.3% to 2.4%
💡 Why is this important?
The increase in PPI = a sign that inflation could accelerate again. The Federal Reserve will have to tighten the economy more with rates. And this is always explosive for the markets.
⚡ The main question: Will Bitcoin be the savior or will the markets drag crypto down with them?
