U.S. Inflation Was Negative in June; Bitcoin Jumps Above $59K

U.S. Inflation Was Negative in June; Bitcoin Jumps Above $59K

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Source: Coindesk.com

June CPI came in softer than expected. The odds of imminent Fed rate cuts rose sharply following the news. Under major pressure of late, the price of bitcoin rose as well.

Inflation continued to retreat in June, according to the government's Consumer Price Index (CPI) report on Thursday morning,

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The post "U.S. Inflation Was Negative in June; Bitcoin Jumps Above $59K" appeared first here Coindesk.com.

Source: Coindesk.com

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