US Inflation Slows Down in July, Bitcoin and Ethereum Rally

July’s US consumer price index (CPI) has seen an annual rise of 8.5%, or smaller than expected, suggesting an inflation peak and potential cool-off, after hitting 9.1% in June. 
Bloomberg-surveyed economists estimated that inflation would show an 8.7% annual increase this July, and a 0.2% increase compared to June.
Also, in July, annual core CPI – which excludes prices of food and energy – was the same as in June (5.9%) and lower than estimated (6.1%). …
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