$BTC ๐๐ ๐๐ฎ๐ฅ๐ฒ ๐๐๐ ๐๐จ๐จ๐ฅ๐ฌ, ๐ญ๐๐ฆ๐ฉ๐๐ซ๐ข๐ง๐ ๐ซ๐๐ญ๐-๐ก๐ข๐ค๐ ๐๐๐๐ซ๐ฌ
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US July PPI came in at 4.7% YoY, below 4.9% expected and the lowest since March, while monthly PPI was flat versus 0.2% forecast. Combined with July CPI easing from 3.5% to 3.4%, this is two straight months of moderating inflation, and market-implied odds of a September Fed rate hike fell to roughly 40%.
ยฉ Cointelegraph
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US July PPI came in at 4.7% YoY, below 4.9% expected and the lowest since March, while monthly PPI was flat versus 0.2% forecast. Combined with July CPI easing from 3.5% to 3.4%, this is two straight months of moderating inflation, and market-implied odds of a September Fed rate hike fell to roughly 40%.
ยฉ Cointelegraph