Both headline and core inflation matched economists’ expectations, while bitcoin held near $64,000 and Treasury yields declined. Headline CPI rose 0.1% month over month and 3.4% year over year in July. Core CPI increased 0.2% monthly and 2.5% annually, both matching forecasts. Bitcoin held near $64,000 following the report. U.S. inflation in July was in line with expectations, leaving expectations for another Federal Reserve rate hike broadly unchanged. The Consumer Price Index (CPI) rose 0.1%…
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