According to CoinMeta, inflation in the United States rose by 3.7% year-on-year in July, exceeding economists' expectations. Interest rate futures data indicate that the probability of a Federal Reserve interest rate hike in September has increased from about 36% to about 42%. The inflation data's stronger-than-expected rebound directly shattered the market's illusion of a rapid decline in prices, proving that inflationary inertia within the U.S. economy remains stubborn. This forces the Federal Reserve to maintain a tight policy to curb price pressures. These figures have completely dampened expectations of a shift to loose monetary policy in the short term, reinforcing the necessity for the Federal Reserve to keep interest rates high.