Inflation Cools, Bitcoin Stalls as Fed Faces Its Next Big Test
U.S. inflation cooled for a second straight month in July, another sign that spring’s energy-driven price shock is fading even as inflation remains stubbornly above the Federal Reserve’s 2% target. The U.S. Consumer Price Index (CPI) rose 0.1% in July on a seasonally adjusted basis, the Bureau of Labor Statistics reported Aug. 12. That landed […]
Key Takeaways
- inflation cooled for a second straight month in July, another sign that spring’s energy-driven price shock is fading even as inflation remains stubbornly above the Federal Reserve’s 2% target.
- Consumer Price Index (CPI) rose 0.1% in July on a seasonally adjusted basis, the Bureau of Labor Statistics reported Aug.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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