Crypto Market Surges as US Inflation Slows Dramatically

TL;DR The U.S. Producer Price Index (PPI) for July increased by just 0.1%, lower than the expected 0.2%, and the annual increase was 2.2%, below the projected 2.3%. Financial markets and the crypto sector are reacting positively, with major stock indices rising and several cryptocurrencies showing gains. The slowdown in inflation is generating speculation about ... source: https://crypto-economy.com/crypto-market-surges-as-us-inflation-slows-dramatically/