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.