The U.S. Bureau of Labor Statistics reported July 2026 headline inflation at 3.4% year over year on Aug 12, matching consensus and easing from 3.5% in June. Month over month, headline CPI rose 0.1%, in line with economists' forecasts.
Bitcoin dipped from roughly $64,400 to about $64,080 in an initial knee-jerk reaction to the release before stabilizing, ending the 24 hours roughly flat near $64,000, according to CoinDesk.
Betting markets assigned about a 67% probability to no Federal Reserve rate change in September, per Polymarket.
U.S. Bureau of Labor Statistics (BLS), CoinDesk