The CPI report showed consumer prices fell month-over-month. Plus: Credit card spending, pork lobbyists, and the Humphrey-Hawkins Act.

Fresh CPI figures showed that consumer prices actually fell 0.4% month over month in June.

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.