Инфляция в США в августе составила 3,4% и совпала с прогнозом

August CPI inflation registered 3.4% year-over-year, matching expectations. Core CPI fell to 2.4%, also matching expectations. Month-over-month CPI rose 0.4%, the largest increase since May 2026. Treasury yields are rising on the release.

Key data

- Headline CPI year-over-year: 3.4% expected and actual
- Core CPI year-over-year: 2.4% expected and actual
- Headline CPI month-over-month: +0.4%, highest since May 2026

Market reaction

- Treasury yields: rising, signaling tighter financial conditions and higher discount rates

Implications for crypto and DeFi

- Risk assets: pressure from higher yields and a firm inflation pulse
- Bitcoin and large-cap crypto: likely short-term sensitivity to rate expectations
- Altcoins: increased volatility due to higher risk premia
- DeFi borrowing and lending: potential upward drift in dollar-denominated rates as funding costs rise and liquidity prioritizes yield
- Stablecoin demand: may increase as investors seek safety and yield, impacting on-chain money markets