US July core CPI annual rate holds at 2.5%, in line with forecast

U.S. unadjusted core CPI rose 2.5% year on year in July, matching the 2.50% market expectation and slowing from the previous 2.60%. The core CPI reading, which strips out more volatile price categories, is closely tracked by investors because it can shape expectations for interest rates and broader risk sentiment across assets including crypto.