PPI Miss Impacts Crypto Anticipation: Will a CPI Downturn Trigger Bitcoin & Ethereum Rise?

US August Producer Price Index (PPI) disappointed expectations, potentially impacting the upcoming Consumer Price Index (CPI) data and shaping market predictions. The PPI, released by the Bureau of Labor Statistics, rose only 2.6% year-on-year, with a monthly decline of 0.1%. This has led to speculation about how the CPI will perform and triggered significant changes in financial markets.