Annualized headline inflation growth slowed to 2.5% in August from 2.9% in July. This is the lowest level since March 2021, when growth was 2.6%. This means the Federal Reserve is approaching its 2% target. This change will support future rate cuts. This will underpin steady economic growth and long-term gains for Bitcoin and Ethereum.
While the core personal consumption expenditure data (PCE), to be released later this month, is the Fed's preferred measure of inflation, the CPI remains a driver of sentiment in equities. It will push up the prices of risky assets denominated in dollars.
Analysis: Inflation continued to slow in August, and the crypto market still has a lot of room for growth
2024-09-11 18:37:10
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
分析：8月通胀继续放缓，加密市场仍有很多上涨空间Next article：
Succinct Labs与OP Labs联合推出Succinct，旨在解决ZK Rollups问题
