Grayscale Head of Research Zach Pandl stated that the latest US inflation report could temporarily hinder cryptocurrency markets, citing the likelihood of a policy response from the Federal Reserve. August’s Consumer Price Index showed that headline inflation climbed 0.4% month over month, with the annual rate holding steady at 3.4%. At the same time, underlying price pressures continued to ease, as core inflation measured 2.4% annually—the lowest level since 2021 and matching economists’ forecasts.