US CPI Remains Steady, Potential for Fed Rate Cuts in September Raises Market Excitement

The US Consumer Price Index (CPI) for July showed a steady 2.7% annual inflation rate, failing to meet expectations but providing clues for the Federal Reserve’s next move. The data’s impact on the crypto market is already being felt as Bitcoin and Ethereum prices experience renewed momentum after the release. While experts predict a possible Fed rate cut in September, this scenario raises the potential for continued price fluctuations.