Bitcoin Yawns As Fed’s Favorite Inflation Gauge Eases

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Bitcoin Magazine Bitcoin Yawns As Fed’s Favorite Inflation Gauge Eases Bitcoin's price was largely flat on news that US inflation was subdued in July.

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Decrypt•

Why Bitcoin Barely Moved Even as US Inflation Cools to 3.4%

The tamest U.S. inflation print in months left crypto markets flat, with Bitcoin shrugging off the data hit. Here's why.

Brief by WorldPing · Original reporting by Decrypt

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Bitcoin.com•

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.

Brief by WorldPing · Original reporting by Bitcoin.com

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CoinDesk•

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.

Brief by WorldPing · Original reporting by CoinDesk

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BBC News•

US inflation eases as food and fuel costs cool

Annual US inflation dipped to 3.4% in July, with food costs slowing and housing keeping prices slightly higher.

Brief by WorldPing · Original reporting by BBC News

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NPR Top•

Inflation eases in July as gasoline and grocery prices fall

Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.

Brief by WorldPing · Original reporting by NPR Top

CNBC Markets•

Here are five key takeaways from the July CPI inflation report

Readings for July on the prices consumers pay for goods and services came in pretty much on target.

Brief by WorldPing · Original reporting by CNBC Markets