According to BlockBeats, on September 12, the annualized overall inflation rate growth in August fell from 2.9% in July to 2.5%. This is the lowest level since the growth of 2.6% in March 2021. This means that the Federal Reserve is approaching its 2% target. This change will support future interest rate cuts. This will support stable economic growth and the long-term rise of Bitcoin and Ethereum.
While core PCE data (due later this month) is the Fed’s preferred inflation measure, CPI remains a driver of stock market sentiment and will push up dollar-denominated risk asset prices.
