π¨ June 2026 CPI β Softer Than Expected (Data out today)
π Headline CPI
β’ MoM: -0.4% (biggest drop since Apr 2020)
β’ YoY: 3.5% (vs ~3.8% expected, down from 4.2%)
π Core CPI (ex-food/energy)
β’ MoM: 0.0%
β’ YoY: 2.6% (down from 2.9%)
π₯ Main driver: Energy prices plunged -5.7% (gasoline -9.7%)
Markets rallying on lower rate hike odds ahead of July Fed meeting. One cool print helps, but Chair Warsh warns it's not mission accomplished yet.
Whatβs your read? Pivot or patience? π
π Headline CPI
β’ MoM: -0.4% (biggest drop since Apr 2020)
β’ YoY: 3.5% (vs ~3.8% expected, down from 4.2%)
π Core CPI (ex-food/energy)
β’ MoM: 0.0%
β’ YoY: 2.6% (down from 2.9%)
π₯ Main driver: Energy prices plunged -5.7% (gasoline -9.7%)
Markets rallying on lower rate hike odds ahead of July Fed meeting. One cool print helps, but Chair Warsh warns it's not mission accomplished yet.
Whatβs your read? Pivot or patience? π
π $BTC & $ETH reacting to cooler CPI
June inflation 3.5% (beat 3.8% exp) β $BTC blasts past $64K, $ETH eyeing $1900.
Shorts liquidated, rate cut hopes back on. π
June inflation 3.5% (beat 3.8% exp) β $BTC blasts past $64K, $ETH eyeing $1900.
Shorts liquidated, rate cut hopes back on. π
π° Inflation cooling provides relief despite Middle East volatility
June's Consumer Price Index rose 3.5% year-over-year, coming in softer than the expected 3.8% and cooling significantly from May's 4.2% rate.
This disinflationary data, driven partly by a retreat in energy prices last month, has fueled investor hopes that the Federal Reserve may adopt a less hawkish stance in its upcoming policy meetings.
June's Consumer Price Index rose 3.5% year-over-year, coming in softer than the expected 3.8% and cooling significantly from May's 4.2% rate.
This disinflationary data, driven partly by a retreat in energy prices last month, has fueled investor hopes that the Federal Reserve may adopt a less hawkish stance in its upcoming policy meetings.