Crypto Prices Quickly Slide After Troubling U.S. PPI Report
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最新报道：U.S. inflation concerns resurfaced as July's Producer Price Index (PPI) surged 0.9%, far exceeding the 0.2% forecast, while core PPI also rose 0.9%. Year-over-year PPI climbed to 3.3%, above expectations. Bitcoin dropped below $119,000, and Ether fell nearly 4% to $4,550, with altcoins like Solana and XRP also declining. Strong labor market data, with initial jobless claims at 224,000, reinforced expectations that the Fed may maintain higher interest rates longer. CME FedWatch showed reduced odds of a September rate cut to 96%. U.S. stock futures dipped 0.5%, while the dollar strengthened and 10-year Treasury yields rose to 4.25%.
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