US Inflation Threatens Fed Rate Cuts: Producer Prices Surge to 3-Year High

The US Producer Price Index (PPI) jumped a surprising 0.9% in July, exceeding forecasts and fueling concerns about inflation’s impact on the Federal Reserve’s rate cut plans. This surge has sent ripples through financial markets, with yields rising, equities dipping, and cryptocurrencies facing volatility. Experts are questioning the timing of interest rate cuts as inflation continues to pose a challenge.