In the United States (USA), the annual inflation rate for July 2023 was announced as 3.2 percent.

Inflation and interest rate clamping in the US continue to directly affect the crypto market. At the same time, global markets are also moving in the light of economic data in the USA.
The USA is working hard to bring inflation rates to the low levels it targets. One of these efforts is the Fed's rate hikes. The Fed has also increased interest rates in the previous period. Markets think that the rate hike will continue as long as inflation does not decrease.
Inflation expectation in the USA for July was 3.3 percent. Global markets think that inflation in the US will increase this month as well, and that another interest rate hike will occur. However, looking at the situation of inflation in the previous months, it was 5.0 percent in March and 3 percent in June.
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