The latest US inflation data is out — CPI rose to 2.7% in June, slightly higher than expected. This jump is mainly due to recent tariffs increasing prices of everyday goods like food and vehicles.
What does this mean?
➡️ The Fed may delay interest rate cuts until later this year.
➡️ Crypto markets reacted with a short dip, but Bitcoin quickly recovered near $118K.
➡️ Altcoins are seeing mixed reactions with some volatility.
For crypto traders, this is a key reminder:
Macro events like inflation still move the market — stay alert around data releases.
Next big date to watch: July 30 Fed meeting.
Let’s see how the market reacts from here…
