The U.S. Department of Labor announced last night that the Producer Price Index (PPI) for July 2024 showed that the monthly growth rate (seasonally adjusted) was 0.1%, the lowest since May, lower than the market expectation of 0.2%, and the annual growth rate (unseasonally adjusted) also dropped from 2.7% in June to 2.2%, the lowest since March, also lower than the market expectation of 2.3%.
Bitcoin and Ethereum continued to fluctuate and rise after the announcement of PPI news last night, and CPI data will continue to soar tonight!
