On Wednesday, the U.S. Labor Department is scheduled to release June’s consumer price index figure. The data is likely to show the cost of living rose 1.1% month-on-month, bringing the annualized figure to a new four-decade high of 8.8%. The CPI stood at 8.6% in May. The core inflation, which strips out the volatile food and energy component, is seen rising 0.6% month-on-month, amounting to an annualized growth of 5.8%.
Source: https://www.coindesk.com/markets/2022/07/12/bitcoins-inverse-correlation-with-inflation-adjusted-bond-yield-hits-record-high/?utm_medium=referral&utm_source=rss&utm_campaign=headlines