According to data from the US Bureau of Labor Statistics, US consumer prices fell 0.4% in June. Data released on July 14 showed this was the largest single-month decline since April 2020, with the year-on-year inflation rate dropping from 4.2% to 3.5%. Bitcoin broke $64,000, up 3.5% within 24 hours; Ethereum rose to $1,875, up 5.2%, according to CoinGecko data. Based on CME FedWatch data, the market currently assigns roughly an 80% probability that the Federal Reserve will keep interest rates unchanged at 3.50%–3.75% at its July 28–29 meeting.

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WaitPatientlyForTheR
· 07-15 06:23
According to data from the U.S. Bureau of Labor Statistics, U.S. consumer prices fell 0.4% in June. Data released on July 14 showed this was the largest single-month drop since April 2020, with the year-over-year inflation rate falling from 4.2% to 3.5%. Bitcoin broke through $64,000, rising 3.5% over the past 24 hours; Ethereum rose to $1,875, up 5.2%, according to CoinGecko data. Based on CME FedWatch data, the market currently estimates there is about an 80% probability that the Federal Reserve will keep interest rates unchanged at 3.50%–3.75% at its July 28–29 meeting.
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