๐ฅ๐ "July PPI on Fire โ Inflation Sparks Again!" ๐ฅ๐ฅฆโฝ
The July Producer Price Index (PPI) came in hotter than expected, sending waves through markets and fueling fresh inflation concerns ๐จ:
#HotJulyPPI #PPI #BinanceSquareFamily
โจ Key Highlights:
๐ PPI surged 0.9% MoM, the largest jump since mid-2022.
๐ Year-on-year prices rose 3.3%, marking the strongest annual gain in months.
๐๏ธ Services leapt 1.1%, with big jumps in trade margins, travel stays, and freight costs.
๐ฅฆ Goods rose 0.7%, driven by a shocking 38.9% spike in vegetable prices, alongside higher meats, eggs, and energy costs.
๐ Core PPI (excluding food, energy & trade) advanced 0.6%, showing that inflation pressures are broad and sticky.
๐ก Why It Matters:
The hotter PPI dampens hopes for aggressive Fed rate cuts, pushes up Treasury yields, and even weighed on gold prices. Investors now see the Fed moving more cautiously in the months ahead ๐ฆโ๏ธ.
๐ Bottom line: From farms to factories to freight, prices are heating up again โ and consumers could soon feel the burn at checkout counters ๐ฅ๐.
