Bitcoin Climbs as US CPI Inflation Data Lands Below Target

Bitcoin (BTC) price reacted to the US CPI (Consumer Price Index) data, which showed inflation came in below targets in July. This comes as US President Donald Trump’s tariffs continue to sting, and could put the Federal Reserve (Fed) in a bind. Inflation Rose at An Annual Rate of 2. 7% in July, CPI Data Shows The US Bureau of Labor Statistics (BLS) released the CPI data on Tuesday, showing inflation in the US rose at an annual rate of 2 source: https://beincrypto.com/bitcoin-climbs-us-inflation-data-lands-below-target/