Damus
The Bitcoin Conference profile picture
The Bitcoin Conference
@thebitcoinconf
INFLATION JUST COOLED MORE THAN EXPECTED‼️👀

The June CPI report came in soft:
✅ CPI fell 0.4% month over month
✅ CPI rose 3.5% year over year
✅ Core CPI rose 2.6% year over year
✅ Both came in below expectations
✅ Stock futures jumped on the news

In other words 👉 Lower inflation may reduce pressure on the Fed and improve the backdrop for assets like Bitcoin.

This may give markets the room it needs to breathe ✊