U.S. consumer inflation came in as expected in July, with both headline and core CPI matching economists’ forecasts. Bitcoin held near $64,000, while Treasury yields continued to decline.

The latest inflation figures offered little incentive for markets to significantly adjust expectations for the Federal Reserve’s next rate decision.

Headline CPI increased 0.1% in July from the previous month, matching the consensus estimate and rebounding from June’s 0.4% decline. On a yearly basis, inflation rose 3.4%, in line with expectations but slightly below June’s 3.5% rate.

Core CPI, which excludes food and energy prices, climbed 0.2% month over month, matching both forecasts and June’s reading. Annual core inflation eased to 2.5% from 2.6% in June, also meeting expectations.

Bitcoin briefly dipped from around $64,400 to $64,080 following the release before stabilizing. The cryptocurrency was little changed over the previous 24 hours, while Nasdaq 100 futures rose 0.7%.

Treasury yields remained lower after falling ahead of the CPI report. The two-year yield dropped 3.6 basis points to 4.19%, while the 10-year yield declined three basis points to 4.66%.

The July inflation report attracted additional attention following a weak U.S. jobs report that showed the economy unexpectedly shed 23,000 jobs during the month.

Following the CPI release, market expectations for a September Fed rate hike declined. The CME FedWatch Tool put the odds of a rate increase at 44%, down from 48% before the report and 54% a week earlier.