US CPI Falls for the First Time Since 2020, Core Gauge Unchanged

US consumer prices fell in June for the first time since 2020, with the core gauge remaining largely unchanged. This cooling inflation, featuring a 4% year-over-year CPI and 3% core CPI, reduces pressure on the Federal Reserve to raise interest rates. Such trends may lead to easing policy measures, boosting Bitcoin and crypto markets while enhancing overall economic growth and market confidence as the 3-month annualized CPI also declines, signaling a shift in inflation expectations.