U.S. Inflation Gauge Jumps to Fresh 4-Decade High of 9.1%; Bitcoin Falls - CoinDesk

The new Consumer Price Index (CPI) reading keeps pressure on the U.S. central bank to further tighten monetary policy aggressively at its next meeting later in July.

Inflation tracked by the U.S. Consumer Price Index (CPI) rose 9.1% in June, accelerating from May's 8.6% pace to a fresh 40-year high, exceeding economist expectation. Bitcoin's price fell 4.2% to a… [+2456 chars]

full article...