Inflation slows in the United States, but Bitcoin fails to take off

The release of US inflation data on August 12 did not provide markets with the much-expected positive signal. Indeed, there is a slowdown in price increases, not forgetting the Fed’s reservations on the economic trajectory. Bitcoin investors hesitate to adopt an aggressive accumulation policy. The crypto market thus remains dependent on upcoming economic data and, above all, on how the Federal Reserve chooses to interpret them.

In brief

American inflation slows

Thanks to official information published on August 12 by the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose by 0.1% in July based on a seasonally adjusted basis. This progression strictly conforms to forecasts by US stock market analysts. The pace of annual inflation is thus brought down to 3.4% from 3.5% in June and a peak in May of 4.2%. It is appropriate to exclude volatile categories such as food and energy from the calculations of the core indicator. The latter records a monthly increase of 0.2% and 2.5% on the year.