#USJulyCPI&PPIDueThisWeek
July 2026 inflation data has already been published. Here are the numbers that will move the Fed:
📊 CPI (Wednesday, August 12)
· YoY headline: 3.4% (vs 3.5% in June and 3.4% expected) → in line
· MoM headline: 0.1% (vs -0.4% prior)
· Core YoY: 2.5% (lowest since January)
· Core MoM: 0.2% (most important figure)
📊 PPI (Thursday, August 13)
· YoY headline: 4.7% (vs 5.5% in June and 4.9% expected) → cooler than expected
· MoM headline: 0.0% (vs 0.2% expected)
· Core MoM: 0.2% (vs 0.3% expected)
⚖️ What do these data mean?
· Headline CPI cooled slightly (3.4% vs 3.5%) and is in line with expectations.
· Core CPI fell to 2.5%, the lowest level since January 2026.
· PPI was cooler than expected across the board, which reduces inflation pressure at the production level.
Conclusion: CPI confirmed the slowdown in inflation, and PPI reinforced it with a cooler-than-expected print. This reduces pressure on the Fed to raise rates in September. The odds of a rate hike have fallen significantly.
The market is already pricing in a Fed pause in September, which is bullish for Bitcoin and risk assets in the short term. The trend remains that inflation is moderating, although still above the 2% target.
Do you think the Fed will raise rates in September, or keep the pause? 👇
#Inflación #Fed #bitcoin $BTC #MacroEconomia