According to CoinMeta, the altcoin market rebounded on Friday afternoon. Previously, the Consumer Price Index (CPI) data for August (CPI) roughly met economists' expectations, alleviating the worst-case inflation scenarios. Ethereum rose by 2.05% in the past hour, Solana increased by 2.22%, with XRP leading the major cryptocurrencies with a gain of 3.07%, while Bitcoin remained above $77,000. Despite the market rebound, the same report also raised the probability of a rate hike on September 16 to around 90%. The core CPI rose 0.3% month-on-month, exceeding the expected 0.2%, which boosted expectations for a rate hike. Overall, gasoline prices increased by 3.9%, accounting for one-third of the monthly increase, and the energy index saw an annual rise of 16.3%.