Fast Take
In accordance with Buying and selling Economics information, the July US inflation fee got here in barely under expectations, with the headline inflation fee year-over-year at 2.9% versus the anticipated 3%. The month-over-month inflation fee matched forecasts at 0.2%. Core inflation, which excludes unstable meals and power costs, aligned with predictions, registering 3.2% year-over-year and 0.2% month-over-month. Following the inflation information launch, Bitcoin remained flat, sustaining its value at round $61,000. The muted response means that the market largely anticipated the inflation figures, leaving Bitcoin’s worth unchanged.
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