🌡️ CPI July — in line, but better than feared
Inflation came in at 3.4% YoY — exactly as expected, down slightly from 3.5% last month. Despite oil surging +20% during Iran tensions — inflation didn't rise. That's actually a solid result. 👀
The real story is Core CPI at 2.5% — the lowest reading since March 2021. Strip out energy and food — and underlying inflation is almost back at a healthy level.
Still above the Fed's 2% target. Still not enough to force a cut. But the direction is right and the situation remains calm. 🧘$BTC
#Inflation #cpi #Macro #BİNANCESQUARE #dyor
Inflation came in at 3.4% YoY — exactly as expected, down slightly from 3.5% last month. Despite oil surging +20% during Iran tensions — inflation didn't rise. That's actually a solid result. 👀
The real story is Core CPI at 2.5% — the lowest reading since March 2021. Strip out energy and food — and underlying inflation is almost back at a healthy level.
Still above the Fed's 2% target. Still not enough to force a cut. But the direction is right and the situation remains calm. 🧘$BTC
#Inflation #cpi #Macro #BİNANCESQUARE #dyor