Inflation Cools, Bitcoin Stalls as Fed Faces Its Next Big Test

AI Summary U.S. inflation cooled for a second straight month in July, another sign that spring’s energy-driven price shock is fading even as inflation remains stubbornly above the Federal Reserve’s 2% target. The U.S. Consumer Price Index (CPI) rose 0.1% in July on a seasonally adjusted basis, the Bureau of Labor Statistics reported Aug. 12. That landed […] fulltext: 354 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/finance/inflation-cools-bitcoin-stalls-as-fed-faces-its-next-big-test/ Source: Bitcoin.com News