June CPI Report Looms Large as Inflation Heats Up, Crypto Surges Ahead
- June CPI expected to rise, signaling inflation momentum may be returning quickly
- Bitcoin surges past $117K ahead of CPI, signaling crypto’s lead in market sentiment
- Tariffs add pressure to core goods, raising long-term inflation and Fed policy risks
Investors are on edge this morning as the crucial Consumer Price Index (CPI) for June is set to be released at 8:30 a.m. ET. The report could signal whether inflationary pressures are picking up again, particularly as new tariffs from the Trump administration begin to bite.
While Wall Street waits for confirmation, the crypto market has already leapt ahead. Bitcoin climbed to a new all-time high of $117,000 on Monday, with Ethereum and altcoins following closely behind. The CPI figures could either amplify this rally or spark a sudden cooldown. As prices and policy hang in the balance, markets are preparing for a volatile session.
The Numbers to Watch: Inflation Expected to Heat Up
Expectations point to a noticeable uptick in both headline and core inflation. Headline CPI is forecast to rise 2.6% year over year in June, up from May’s 2.4%.
Bloomberg data indicates that on a monthly basis, prices likel…
The post June CPI Report Looms Large as Inflation Heats Up, Crypto Surges Ahead appeared first on Coin Edition.
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June CPI Report Looms Large as Inflation Heats Up, Crypto Surges Ahead
- June CPI expected to rise, signaling inflation momentum may be returning quickly
- Bitcoin surges past $117K ahead of CPI, signaling crypto’s lead in market sentiment
- Tariffs add pressure to core goods, raising long-term inflation and Fed policy risks
Investors are on edge this morning as the crucial Consumer Price Index (CPI) for June is set to be released at 8:30 a.m. ET. The report could signal whether inflationary pressures are picking up again, particularly as new tariffs from the Trump administration begin to bite.
While Wall Street waits for confirmation, the crypto market has already leapt ahead. Bitcoin climbed to a new all-time high of $117,000 on Monday, with Ethereum and altcoins following closely behind. The CPI figures could either amplify this rally or spark a sudden cooldown. As prices and policy hang in the balance, markets are preparing for a volatile session.
The Numbers to Watch: Inflation Expected to Heat Up
Expectations point to a noticeable uptick in both headline and core inflation. Headline CPI is forecast to rise 2.6% year over year in June, up from May’s 2.4%.
Bloomberg data indicates that on a monthly basis, prices likel…
The post June CPI Report Looms Large as Inflation Heats Up, Crypto Surges Ahead appeared first on Coin Edition.
Read More
June CPI Report: US Inflation Reaches Highest Level Since February