#CPIWatch
On Tuesday, July 15, 2025, the CPI for June was published in the U.S., reporting a monthly variation of +0.3% and a year-on-year inflation of +2.7%.
The core CPI (excluding food and energy) recorded +0.2% month-on-month and +2.9% year-on-year.
These data matched analysts' expectations, easing pressure for immediate rate cuts, although a reduction could be considered for September.
The immediate impact was reflected in gains in S&P and Nasdaq futures (~0.4–0.7%); Bitcoin ($BTC ) also retreated ~6% after adjusting to more persistent inflation.
The reading suggests still moderate inflation, with the Fed possibly pausing cuts in July, but keeping the option open for September.
