US CPI came in at 4% year-over-year with core CPI at 3%, both below expectations. Bitcoin rallied near $62,600 as rate cut odds increased ahead of the July

June 2026 CPI data releases July 14. Forecasts show a -0.1% monthly dip driven by falling gas prices, with major implications for Bitcoin and Fed rate cuts.

This morning's report could go a long way toward determining whether the Federal Reserve raises interest rates at its late-July meeting.