BlockBeats News, July 16th, U.S. June CPI rose 0.3% MoM, matching forecasts. The annual rate climbed to 2.7%, driven by higher food and energy costs. Core CPI rose a modest 0.2%, as declines in new car prices, airfare, and lodging helped cap inflation pressures.
However, BlackRock warns the full impact of recent tariffs has yet to feed through. As corporate inventories shrink, inflation could remain elevated, potentially complicating the Fed』s policy path. While markets still price in a potential September rate cut, the Fed has turned more cautious.
Bitunix analyst suggestion:
BTC remains in a choppy consolidation phase, caught between sticky inflation and rate cut speculation. The $116,300 level remains a key support—if broken, a wait-and-see approach is prudent. Bulls will need to clear $118,500 to regain momentum. Avoid chasing short-term rallies and wait for confirmation of capital inflows.
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