Crypto Catalyst Watch
On Wednesday, observers of U.S. monetary policy will eye the Labor Department’s release of the June CPI. The CPI has edged steadily downward since last year’s high. Economists’ consensus sees June’s index dipping in the mid 3% range. However, Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in a Monday note that it could tumble to 2.8%. Yet Moya also noted that core inflation, which excludes more volatile food and energy costs, could remain hot due to an expensive housing market. “Pricing pressures might remain throughout the summer,” Moya wrote.