U.S. June CPI fell 0.4%, likely cooling move toward Fed rate hikes

Markets U.S. June CPI fell 0.4%, likely cooling move toward Fed rate hikes This morning's report could go a long way toward determining whether the Federal Reserve raises interest rates at its late-July meeting. By James Van Straten , Stephen Alpher | Edited by Stephen Alpher Jul 14, 2026, 12:33 p.m. 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on U.S. inflation in June came in far softer than forecast, likely putting on hold what were fast-rising expectations for imminent Federal Reserve rate hikes. The Consumer Price Index (CPI) decline 0.4% in June versus economist forecasts for a decline of 0.1% and May's sharp rise of 0.5%. On a year-over-year basis, CPI was up 3.5% versus forecasts for 3.8% and 4.2% in May. Core CPI, which excludes food and energy, was flat in June, versus forecasts of 0.2% and May’s 0.2% increase. On a year-over-year basis, core CPI rose 2.6% against expectations for 2.9% and 2.9% in May. Bitcoin added to earlier gains following the soft numbers, rising to $63,400, up about 2% over the past 24 hours. Already a key data point, June's CPI was of particular import after Fed Governor Chris Waller yesterday implied he would be in favor of an immediate rate hike were core CPI not to come down in this morning's report. Indeed, July rate hike probabilities yesterday had shot to as high as 42% from just 8% one month ago, per CME FedWatch . Investors will get to hear what Fed Chairman Kevin Warsh thinks about all of the above in roughly 90 minutes as he begins his testimony to Congress regarding the state of the economy. Bitcoin News Inflation Breaking News Latest Crypto News 1 ECB picks firms including Deutsche Bank, Revolut for digital euro pilot hace 23 minutos 2 Japan’s biggest card network taps Circle to bring stablecoins to 40 million merchants hace 31 minutos 3 U.S.-Iran escalation weighs on bitcoin, stocks as oil climbs hace 1 hora 4 Bitcoin's BIP-110 sparked a fight over who gets to decide the future of Bitcoin hace 1 hora 5 Prediction markets just crushed traditional sportsbooks in a massive $50 billion World Cup breakout hace 1 hora 6 Bitcoin’s great rotation: Long-term holders pass supply to a new generation of buyers hace 1 hora 7 Bitcoin steadies at $62,600 as South Koreans flee stocks rout for crypto hace 1 hora 8 XRP and ether bulls are getting louder as prices fall, signaling more trouble ahead hace 2 horas 9 Live updates: Bitcoin holds $62,600 as the Iran conflict reignites and CPI looms hace 5 horas 10 U.S. government moves $288 million in seized bitcoin, ether to Coinbase Prime hace 6 horas Latest Research Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. By CoinDesk Research Jul 13, 2026 CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. Why it matters : CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. View Full Report More From Markets Bitcoin’s great rotation: Long-term holders pass supply to a new generation of buyers Bitcoin steadies at $62,600 as South Koreans flee stocks rout for crypto XRP and ether bulls are getting louder as prices fall, signaling more trouble ahead