US Consumer Price Index Drops to 3.4% as Expected, Bitcoin Rises

cryptonews.ru2026-08-12 tarihinde yayınlandı2026-08-12 tarihinde güncellendi

Özet

U.S. Consumer Price Index (CPI) inflation for July met expectations, easing concerns about a Federal Reserve interest rate hike this year. Following the data release, Bitcoin recovered, rising above the key psychological level of $64,000. The U.S. CPI fell to 3.4% year-over-year and 0.1% month-over-month, aligning with forecasts. The core CPI also matched expectations, dropping to 2.5% annually and 0.2% monthly. Bitcoin climbed to around $64,100, recovering from an intraday low near $63,400. However, trading remains in a narrow range due to uncertainty from U.S.-Iran tensions and their potential impact on energy prices. Fed Presidents Austan Goolsbee and Neel Kashkari have indicated inflation is a top concern, with Kashkari advocating for rate hikes. Despite this, the probability of a Fed rate hike at the September FOMC meeting decreased after the CPI report, which is viewed as positive for Bitcoin and the broader crypto market. Market forecasts now suggest a 67% chance rates will remain unchanged. Data from prediction platform Polymarket shows the likelihood of a rate hike this year has fallen to 54%, down from a recent peak of 60% and a July high of 79% amid escalating U.S.-Iran tensions. Market attention now shifts to tomorrow's Producer Price Index (PPI) report for a more complete picture of inflation. A low PPI reading could further reduce rate hike fears, especially following July's jobs report which indicated ongoing labor market instability.

US Consumer Price Index (CPI) inflation data for July met expectations, further easing concerns about a Fed rate hike this year. Bitcoin recovered today following the release of the inflation data, rising above the psychological level of $64,000.

US Consumer Price Index Drops to 3.4%, Bitcoin Recovers.

According to data from the US Bureau of Labor Statistics, the Consumer Price Index in July fell to 3.4% year-on-year, matching expectations. The index also fell to 0.1% month-on-month, also in line with expectations.

Meanwhile, the core Consumer Price Index fell to 2.5% year-on-year and 0.2% month-on-month, meeting expectations. Bitcoin recovered following the release of the inflation data, further easing concerns about a Fed rate hike this year.

According to TradingView data, the leading cryptocurrency is currently trading around $64,100, up from the intraday low near $63,400. However, Bitcoin continues to trade in a narrow range amid uncertainty related to the US-Iran war and the Strait of Hormuz and their impact on energy prices.

Source: TradingView

Fed President Austin Goolsbee called inflation the biggest problem for the economy at the moment, indicating his potential support for a rate hike. Fed President Neel Kashkari, a voting FOMC member, called for raising rates to fight inflation.

Reduced Likelihood of Rate Hike Tempo

The probability of a Fed rate hike at the September FOMC meeting has further decreased following the release of the CPI inflation data, which is a positive factor for Bitcoin and the broader cryptocurrency market. According to market forecasts, the probability of rates remaining unchanged after the meeting is 67%.

Data from the leading cryptocurrency market prediction platform Polymarket also shows that the probability of a rate hike this year has fallen to 54% from a recent high of 60%. In July, the probability of a hike reached 79% amid the escalation of the US-Iran war.

Source: Polymarket

Attention will now shift to tomorrow's Producer Price Index (PPI) inflation report, which will provide a more comprehensive view of the current state of inflation in the country. A low PPI inflation reading could further ease rate hike concerns, especially given July's employment report indicating ongoing labor market instability.

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İlgili Sorular

QWhat was the headline figure for the US Consumer Price Index (CPI) inflation in July, and how did it compare to market expectations?

AThe US Consumer Price Index (CPI) inflation rate for July came in at 3.4% year-over-year and 0.1% month-over-month, both figures aligning exactly with market expectations.

QAccording to the article, how did Bitcoin's price react to the inflation data release, and what key level did it surpass?

ABitcoin's price rebounded following the inflation data release, rising above the psychological level of $64,000 to trade around $64,100.

QHow did the likelihood of a Federal Reserve interest rate hike at the September FOMC meeting change after the CPI report, and what is the current implied probability for rates staying unchanged?

AAfter the CPI report, the likelihood of a Fed rate hike at the September meeting decreased. The implied market probability for rates remaining unchanged is now 67%.

QWhat are the two main factors mentioned as currently contributing to uncertainty and keeping Bitcoin trading in a tight range?

AThe two main factors contributing to uncertainty and Bitcoin's tight trading range are the US-Iran war and tensions surrounding the Strait of Hormuz, and their impact on energy prices.

QWhich upcoming economic report does the article identify as the next focus for gaining a clearer view of US inflation trends?

AThe article identifies the upcoming Producer Price Index (PPI) inflation report as the next focus for gaining a more complete picture of current US inflation trends.

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