🚨 U.S. July CPI came in at 3.4% YoY, exactly matching the 3.4% expectation, down from 3.5% in June. Core CPI was also 2.5% YoY.

✅ In-line CPI = less inflation surprise
📉 Potentially supports a more dovish Fed outlook
💰 BTC/crypto sentiment can benefit if yields and the dollar weaken
⚠️ Core inflation remains important for the next Fed decision

#USJulyCPI&PPIDueThisWeek