June CPI fell 0.4% month-over-month, the steepest drop since April 2020, sending Fed rate-hike odds tumbling and easing pressure on crypto markets.

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.

Fed rate hike odds drop to 8% after June CPI falls unexpectedly. Rate hike by July 29 at 8% YES.