Investing

July CPI Puts Bitcoin and Markets on a Fed Knife Edge

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Oil is the wildcard, and July CPI is about to decide whether the market gets some relief or another headache. Crude jumped Tuesday as US-Iran talks over the Strait of Hormuz stalled, pushing the 10-year Treasury yield to 4.682% before falling below $85-$88 resistance area on reports of progress in Oman-Iran negotiations. Meanwhile, Bitcoin traded …