According to CoinMeta, analysts at Metzler Bank stated that the latest U.S. inflation data to be released tonight may have a limited impact on the Federal Reserve's interest rate decisions in September. Analysts pointed out that the market is hoping to see whether the trend in core inflation data from June continues into July, or whether the June data was just an anomaly. They believe that the Federal Reserve may wait for more upcoming data, including producer price indices, personal consumption expenditure data, as well as developments in the Middle East situation, to use as a basis for its interest rate decisions.