U.S. consumer prices declined in June for the first time in six years and a key gauge of underlying inflation was little changed, taking some pressure off the Federal Reserve to raise interest rates ... .
Oil prices are higher and world shares are mixed after markets in Tokyo and Seoul rebounded from early losses. The price of Brent crude climbed to over $86 a barrel after soaring nearly 10% on Monday. Oil prices are still… ... .
Economists expect headline CPI to slow to roughly 3.8% year over year from May's 4.2%, with the monthly index forecast to decline by about 0.1% to 0.2% ...Core CPI is expected to land between 2.8% and ...
CoreCPI, which excludes food and energy, was unchanged for the month and increased 2.6% from a year earlier ...RelatedReading Bitcoin faces a 90-minute Fed shock as CPI and Warsh testimony collide today.
The biggest driver behind the decline was energy ... Oil retreated, gasoline followed, and CPI reflected that decline ... The computer has never been focused on a single CPI report because one month’s inflation data does not change the trend ... ....
Trump reinstated the Hormuz blockade, sending oil higher and rate-hike bets up, reversing the peace trade that helped bitcoin recover in early July. Today's inflation print is the next test ... .
The post US CPIReport Releases Today. What To Expect appeared first on Coinpedia Fintech News The much awaited U.S. CPI report will be released today, and crypto traders are preparing for a volatile session. With the crypto market... .