The latest Consumer Price Index print for July has fallen below expectations of an 8.7% print, hinting that U.S. inflation may have peaked. Key Takeaways The U.S. Consumer Price Index data for July has come at 8.5%, 20 basis points lower than economists’ expectations. The cooling suggests inflation may have peaked in June, meaning the Federal Reserve could turn dovish sooner than previously expected. Bitcoin and Ethereum both surged as the numbers dropped. The decline in inflation following the four-decade record print of 9.1% in June could bode well for risk-on assets like equities and cryptocurrencies. Bitcoin and Ethereum jumped […]