刚刚，利空来了！直线大跳水！

Core Viewpoint - The unexpected rise in U.S. inflation data has led to a significant market reaction, with a decrease in expectations for an interest rate cut by the Federal Reserve in September [2][3]. Economic Indicators - The Producer Price Index (PPI) for July increased by 0.9%, the largest monthly gain since June 2022, surpassing the expected increase of 0.2% [2]. - The core PPI, excluding food and energy, also rose by 0.9%, exceeding the forecast of 0.3% [2]. - Year-over-year, the PPI increased by 3.3%, marking the highest 12-month rise since February, significantly above the Federal Reserve's 2% inflation target [2]. Market Reactions - Following the release of the inflation data, traders reduced their bets on a rate cut by the Federal Reserve, with the probability of a September rate cut now at 90%, down from a previous full pricing [5]. - The U.S. stock market indices experienced a sharp decline, and the U.S. dollar index rose [7]. - Cryptocurrencies such as Bitcoin and Ethereum also saw significant drops in value [9].