U.S.
CPI inflation slows to 3.4% as expected, bitcoin holds near $64,000 Both headline and core inflation matched economists’ expectations, while bitcoin held near $64,000 and Treasury yields declined. – Headline CPI rose 0.1% month over month and 3.4% year over year in July. – Core CPI increased 0.2% monthly and 2.5% annually, both matching forecasts. – Bitcoin held near $64,000 following the report
inflation in July was in line with expectations, leaving expectations for another Federal Reserve rate hike broadly unchanged. The Consumer Price Index (CPI) rose 0.1% in July from the previous month, compared with economists’ forecast for a 0.1% increase and June’s 0.4% decline. On a year-over-year basis, CPI rose 3.4%, in line with forecasts and slightly lower than June’s 3.5% reading
Core CPI, which excludes food and energy, rose 0.2% month over month in July, compared with forecasts for a 0.2% increase and an unchanged reading in June. On a year-over-year basis, core CPI rose 2.5% as expected by analysts and edging lower from June’s 2.6%. Bitcoin Treasury yields remained under pressure, maintaining pre-CPI weakness.