According to the latest data, monthly CPI in the USA was 1.3%. The expected was 1.1%.
Annual CPI was 9.1%. The expected was 8.8%.
Bitcoin has fallen in response to the latest development and is at $ 19,300 as of publication time.
Annual Increase in Consumer Price Index in the USA was 9.1 percent
The June consumer price index, announced today, was expected to rise by 8.8% year-on-year, slightly above May’s 8.6%.
On Tuesday, the closely watched 2-year/10-year yield curve hit its lowest level since 2007 and continued to invert in the early hours of Wednesday. An inverted bond yield curve is seen as a warning that the economy may or may already be in recession.
The dollar index, which has risen nearly 13% this year, hit its highest level in two decades this week, while gold hit its lowest level since late September.
Equalization of the dollar and euro parity with Bitcoin and cryptocurrency We shared a news about how it can affect the markets.
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