US Inflation Meets Forecasts, Keeping Bitcoin’s Fed Bet Alive
The latest U.S. inflation data landed exactly where economists expected, removing the immediate risk of an upside surprise and leaving cryptocurrency investors focused on what the Federal Reserve does next. The Bureau of Labor Statistics reported Wednesday that the Consumer Price Index (CPI) rose 3.4% year-over-year in July, matching consensus estimates while slowing from June’s The post US Inflation Meets Forecasts, Keeping Bitcoin’s Fed Bet Alive appeared first on BeInCrypto.
Key Takeaways
- inflation data landed exactly where economists expected, removing the immediate risk of an upside surprise and leaving cryptocurrency investors focused on what the Federal Reserve does next.
- The Bureau of Labor Statistics reported Wednesday that the Consumer Price Index (CPI) rose 3.4% year-over-year in July, matching consensus estimates while slowing from June’s The post US Inflation Meets Forecasts, Keeping Bitcoin’s Fed Bet Alive appeared first on BeInCrypto.
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