๐ U.S. PPI Hits Highest Level in Months!
BlockBeats reports that the Producer Price Index (PPI) in the U.S. rose 3.3% year-over-year in July, well above the forecast of 2.5% โก โ marking the strongest jump since February.
On a monthly basis, PPI climbed 0.9%, the biggest rise since June 2022 ๐.
This sharp move signals mounting inflationary pressure, raising questions about how it may affect both Wall Street and the crypto market ๐น.
๐ฌ Do you think the Fed will react with tougher measures, or has the market already priced this in?