consumer price index<\/a>.<\/p>\nMay was widely seen as the first checkpoint to assess whether Trump\u2019s newly escalated tariffs would impact the CPI.<\/p>\n
Most economists believed that the effects would begin appearing in consumer prices by now. However, the latest CPI data showed only mild inflation, suggesting that either the tariff effects have yet to materialize or were less impactful than expected.<\/p>\n
\n\u201cThe tariffs that spooked the market so much earlier this year have been walked back and softened almost entirely. Once the US and China sign a deal \u2013 which they have already finalized \u2013 we\u2019ll be essentially back to the status quo,\u201d Puckrin stated.<\/p>\n<\/blockquote>\n
The analyst noted that two deflationary factors, including excess retail inventory and declining housing prices, could drive an overall trend of lower inflation in the coming months, potentially encouraging the Fed to cut rates and sparking the next Bitcoin rally.<\/p>\n
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