Key Takeaways U.S. CPI eased to 3.4% in July, extending inflation’s retreat from May’s 4.2% peak. Federal Reserve pressure eased as core CPI cooled to 2.5%, but energy remains a risk. Bitcoin held near $64,000 as markets turned toward the Sept. 11 CPI report. 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 exactly on expectations and pushed annual inflation down to 3.4% from 3.5% in June. Core CPI, stripping out volatile food and energy prices, climbed 0.2% for the month and 2.5% from …


