According to CoinMeta, market analyst Chris Antie stated that in July, the overall and core data for the US CPI met expectations entirely. These monthly figures themselves do not trigger an inflation alarm and are generally in line with the Federal Reserve's targets. Walsh can breathe a sigh of relief for now, but what he really needs is for August's inflation report to show similar numbers as well. As of now, "it's still too early" to say so.