Inflation continued accelerating in June after showing an increase in May, a potentially negative sign for crypto markets that have faltered as the Federal Reserve raises interest rates in response to soaring prices.
The Consumer Price Index (CPI), which tracks price movements across a broad range of goods and services, rose 9.1% in the 12 months through June, which is the largest 12-month increase in over 40 years, the Bureau of Labor Statistics (BLS) reported Wednesday.
“This is one hell…
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