According to CoinMeta, and as reported by Reuters, economists expect the overall annual inflation rate in the United States to drop to 3.4% in July, with the core inflation rate falling to 2.5%. Economists at Citigroup believe that a cooling of inflationary pressures would rule out the possibility of a rate hike in September. Analysts at Bank of America suggest that a rebound in core services indicators could still make a rate hike in September a possibility. One analyst stated that if inflation data falls short of expectations, the Federal Reserve's rate hike might be postponed until December or later. The final outcome of current inflation data will directly determine the tone of the Federal Reserve's decisions at its September meeting.