🇺🇸 U.S inflation rises to 2.7%, higher than expectations.
U.S. inflation rose to 2.7% in June, exceeding expectations due to new tariffs. The unexpected rise affected market sentiment, with Bitcoin falling and the likelihood of a Fed rate cut dropping to 60% from over 80% last week.
US inflation rose to 2.7% in June, exceeding expectations, driven by increasing import costs due to newly imposed tariffs. This surge prompted a market reaction, with Bitcoin dropping nearly 6% from its recent high of $123,300. The probability of a Federal Reserve rate cut in September decreased to 60% from over 80% last week.
Key Economic Indicators:
Inflation Rate: 2.7% (higher than expected)
Monthly CPI Increase: 0.3% (accelerating from May's 0.1% pace)
Core CPI: 2.9% annually, with a 0.2% monthly increase
Market Impact:
Bitcoin Price: $116,227 (down nearly 6% from its recent high)
Fed Rate Cut Probability: 60% (down from over 80% last week)
Market Sentiment: Caution across risk assets due to sticky inflationary pressure
Expert Analysis:
The inflation surprise has brought broader macro concerns into focus, including potential implications for Federal Reserve policy and interest rates.#CPIWatch $BTC