🚨 📉 US Inflation (CPI) 🚨 Market Update: US Inflation Cools Down, Retail Sales Slip & Crypto Holds Steady!
Here is your daily financial and crypto news breakdown:
📉 US Inflation (CPI):
Annual CPI slowed to 3.4% in July (down from 3.5% in June), while Core CPI eased to 2.5%. The ongoing disinflation trend keeps expectations alive for upcoming Federal Reserve rate cuts.
🛍 Economy & Retail Sales:
US retail sales unexpectedly fell 0.6% month-over-month, impacted by lower gas prices and automotive sales. Despite consumer softness, key stock indices remain near high levels.
🪙 Crypto Market Overview:
Bitcoin ($BTC): Consolidating around $62,800 – $63,500, testing key resistance near $64,000–$65,000.
Ethereum ($ETH): Holding firm near $1,900.
Institutional ETF flows saw light net outflows (~$125M) as traders wait for clearer macroeconomic signals.
Will the Fed pivot sooner than expected? Share your thoughts below! 👇
$ACE
$BANK
#CryptoNews #USFinance #Bitcoin #Inflation #MarketUpdate #FedRateCuts
Here is your daily financial and crypto news breakdown:
📉 US Inflation (CPI):
Annual CPI slowed to 3.4% in July (down from 3.5% in June), while Core CPI eased to 2.5%. The ongoing disinflation trend keeps expectations alive for upcoming Federal Reserve rate cuts.
🛍 Economy & Retail Sales:
US retail sales unexpectedly fell 0.6% month-over-month, impacted by lower gas prices and automotive sales. Despite consumer softness, key stock indices remain near high levels.
🪙 Crypto Market Overview:
Bitcoin ($BTC): Consolidating around $62,800 – $63,500, testing key resistance near $64,000–$65,000.
Ethereum ($ETH): Holding firm near $1,900.
Institutional ETF flows saw light net outflows (~$125M) as traders wait for clearer macroeconomic signals.
Will the Fed pivot sooner than expected? Share your thoughts below! 👇
$ACE
$BANK
#CryptoNews #USFinance #Bitcoin #Inflation #MarketUpdate #FedRateCuts