Inflation Cooldown Shocks Markets | Bitcoin and Crypto News

Inflation cooled faster than expected in June, dropping 0.4%—way below economists’ 0.1% forecast—prompting the Fed to likely pause interest rate hikes. Year-over-year inflation also fell to 3.5%, under the predicted 3.8%. Markets reacted swiftly, with Treasury yields tumbling as bond prices rose. Meanwhile, crypto trading surged, with spot volumes up 15.3% and perpetual trading for real-world assets hitting a record high. A mixed economic picture, but today’s inflation report is the big story. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6513be3c0afd8f56