CPI report: Market reactions diverge as crypto sustain a slight dip

The stock market and precious metals saw a rise while crypto dipped slightly.for June stayed within the anticipated outcomes. However, its impact on the crypto market, stock, and precious metal markets varied significantly. Nevertheless, regardless of the diverse reactions observed, the report generated substantial attention and discussion leading to its publication.released the much-anticipated CPI report for June.

During June, inflation reached its lowest annual rate in over two years, mainly due to a combination of slower price growth and more favorable comparisons against a period when inflation rates were at their highest in four decades. The consumer price index, a key metric for measuring inflation, recorded a 3% increase compared to the previous year, marking the lowest level since March 2021. Furthermore, on a monthly basis, the index experienced a modest rise of 0.

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