WorldPingAl Jazeera
US consumer inflation slows in July as energy prices briefly retreat
Energy prices declined 1.5 percent in July but remain 14.7 percent higher compared with a year ago.
Brief by WorldPing · Original reporting by Al Jazeera
The Guardian
US inflation cooled slightly to 3.4% in July but prices still elevated
WorldPingEnergy is cheaper than at its peak in late April, but gas is still nearly $1 a gallon more expensive than before the Iran war US consumer prices cooled slightly in July as the annualized inflation rate dipped down to 3.
This is a short WorldPing brief. The full report was published by The Guardian.
Read the full report at The GuardianRelated news
WorldPingNPR Top
Inflation eases in July as gasoline and grocery prices fall
Consumer prices in July were up 3.4% from a year ago — a smaller annual increase than in May or June. The news makes it less likely the Fed will feel the need to raise interest rates in September.
Brief by WorldPing · Original reporting by NPR Top
CNBC World
AI’s costly build-out complicates the Fed’s inflation fight
Tech leaders say AI will drive down costs. But slow corporate adoption and the data center build-out create inflation pressures that complicate the Fed’s job.
Brief by WorldPing · Original reporting by CNBC World
WorldPingBitcoin Magazine
Bitcoin Yawns As Fed’s Favorite Inflation Gauge Eases
Bitcoin Magazine Bitcoin Yawns As Fed’s Favorite Inflation Gauge Eases Bitcoin's price was largely flat on news that US inflation was subdued in July.
Brief by WorldPing · Original reporting by Bitcoin Magazine
WorldPingDecrypt
Why Bitcoin Barely Moved Even as US Inflation Cools to 3.4%
The tamest U.S. inflation print in months left crypto markets flat, with Bitcoin shrugging off the data hit. Here's why.
Brief by WorldPing · Original reporting by Decrypt
WorldPingBitcoin.com
Inflation Cools, Bitcoin Stalls as Fed Faces Its Next Big Test
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.
Brief by WorldPing · Original reporting by Bitcoin.com