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The latest US CPI data for June shows a concerning uptick in inflation, with some experts pointing to Trump’s tariffs as a contributing factor. Bitcoin’s price reacted briefly before stabilizing, highlighting its sensitivity to macroeconomic indicators.
- June's headline CPI rose 2.7% YoY, slightly above expectations, while Core CPI held steady at 2.9%.
- Trump's tariffs and fading disinflation in housing are cited as key drivers of the inflation uptick.
- Bitcoin briefly dipped to $116,400 post-CPI release but recovered, maintaining strong weekly gains despite recent volatility.
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Other Tags: US Bureau of Labor Statistics