Bitcoin Reacts to 2.7% CPI Print: Inflation Cools in June
The post Bitcoin Reacts to 2.7% CPI Print: Inflation Cools in June appeared on BitcoinEthereumNews.com.
The US Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI), showing inflation cooled in June. Crypto markets reacted in the aftermath, amid a growing influence of US economic signals on Bitcoin (BTC). Focus now shifts to the wave of Federal Reserve (Fed) speakers on the schedule today. Their statements are expected to provide a window into the policy outlook ahead of the July 30 FOMC meeting. Inflation Rose To 2.7% in June, US CPI Print Shows According to the BLS, inflation rose at an annual rate of 2.7% in June, above economists’ expectations ahead of the data print. CPI 0.3% MoM, Exp. 0.3%CPI 2.7% YoY, Exp. 2.6% CPI Core 0.2% MoM, Exp. 0.3%CPI Core 2.9% YoY, Exp. 2.9% — zerohedge (@zerohedge) July 15, 2025 Ahead of the CPI print, consensus expected the headline to rise by 0.3% month-over-month (MoM), and accelerate to 2.6% Year-over-Year (YoY). “ABOVE expectations for the first time in 5 months,” analyst Quinten noted. It marks an extension of the May US CPI inflation reading, which showed consumer prices increased 2.4% annually. Therefore, headline CPI inflation continues to rise for the second consecutive month, and analysts expect the Fed pause to continue. “In just 2 months, CPI inflation in the US has risen from 2.3% to 2.7%. Critics will blame tariffs, and praisers will blame base effects. Regardless, the Fed will not cut interest rates this month,” wrote The Kobeissi Letter. In the immediate aftermath, Bitcoin price recorded a modest surge, trading for $117,138 as of this writing. Bitcoin (BTC) Price Performance. Source: BeInCrypto Ahead of the CPI price, markets had started de-risking, with Bitcoin sliding from its $123,000 high. BTC had slipped to the $116,900 range in the hours leading to the CPI print. The otherwise muted reaction likely stems from traders and investors…
Filed under: News - @ July 15, 2025 3:32 pm