U.S. inflation held at 3.4% in August, while monthly prices rose 0.4%

Crypto Insight Summary: U.S. inflation refused to budge from 3.4% in August, leaving another Federal Reserve rate increase very much in play. Consumer prices climbed 0.4% from July, well above the prior month’s 0.1% increase, according to Bureau of Labor Statistics figures. CPI-U was already rising drastically during the early part of the year. In February, the increase... Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Higher-than-expected inflation raises odds of Fed rate hike, pressuring crypto markets.