ANALYSIS: Crypto Markets Still Have Lots of Upside as Inflation Continues to Slow in August
On 12 September, annualised headline inflation growth fell to 2.5% in August from 2.9% in July. This is the lowest level since March 2021 when it grew by 2.6%. This means that the Fed is approaching its 2% target. This change will support future rate cuts. This will support stable economic growth and long-term gains in Bitcoin and Ether.
While the core Personal Consumption Expenditure (PCE) data (due later this month) is the Fed's preferred inflation indicator, the CPI remains a driver of stock market sentiment. will push up the prices of risky assets denominated in USD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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