According to CoinMeta, the unadjusted annual core CPI rate in the United States in July was 2.5%, in line with market expectations of 2.50%, from a previous value of 2.60%. Core inflation fell back to 2.5% as expected, confirming that the pressure of rising prices is continuing to subside. This data performance dispelled previous concerns about an inflation rebound, indicating that the Federal Reserve has made substantial progress in its fight against inflation. The focus of policy is steadily shifting towards employment targets, and the market's pricing of a interest rate cut path will become more certain. The implementation of loose monetary policy has entered the countdown phase.