U.S. Inflation Rises 0.1% in July, Fed's Interest Rate Hold Expectations Increase

U.S. inflation rose by 0.1% in July, according to data from the Bureau of Labor Statistics (BLS), aligning with market expectations. This led investors to raise their expectations that the Fed will keep interest rates unchanged at the meeting on September 16. Overall inflation remains at 3.4% over the past 12 months, far from the Fed's target. The decline in gasoline and fuel oil prices contributes to the maintenance of low inflation, while food prices increased by 0.1%. Natural gas and healthcare services saw increases of 0.7% and 0.6%, respectively. Bets on Polymarket indicate a 66% chance of maintaining the interest rate and a 33% chance of a 0.25% increase. Bitcoin is trading around $64,000, with little variation in the last 24 hours, and has remained between $61,750 and $66,920 over the past 30 days. Other cryptocurrencies also show little volatility, with Hyperliquid being the only one among the top 10 to register a variation greater than 1%, rising by 1.8%.

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