Crypto Catalyst Watch: June CPI, PPI readings headline

On Wednesday, watchers of US monetary policy will be eyeing the release of June CPI from the Labor Department. The CPI has been on a steady downward trend from last year’s high. Economists’ consensus sees the index declining in the mid-3% range for June, although Edward Moya, senior market analyst at forex market maker OANDA, wrote in a Monday note that it could fall as low as 2.8%. Yet Moya also said that core inflation, which excludes more volatile food and energy costs, could remain warm, a result of the expensive housing market. “Prices pressures are likely to persist throughout the summer,” Moya wrote.