US November PPI inflation exceeds expectations, all three major US stock indices fall, DeFi sector in the crypto market strengthens

News from December 13, the latest data shows that the US PPI increase in November exceeded expectations, with a month-on-month increase reaching a seven-month high, indicating inflation is heating up. The market expects a further interest rate cut of 25 basis points next week, but bets on pausing the rate cut in January next year.