diff --git a/build.sbt b/build.sbt
index f4c7a600..38cd2455 100644
--- a/build.sbt
+++ b/build.sbt
@@ -124,7 +124,7 @@ lazy val formatter = module("formatter")
 lazy val core = module("core")
   .settings(
     libraryDependencies ++= Seq(
-      "org.typelevel" %% "cats-effect" % "3.5.3",
+      "org.typelevel" %% "cats-effect" % "3.5.4",
       "com.github.plokhotnyuk.jsoniter-scala" %% "jsoniter-scala-macros" % "2.28.3",
       "com.disneystreaming.smithy4s" %% "smithy4s-dynamic" % smithy4sVersion.value,
       "com.disneystreaming.smithy4s" %% "smithy4s-http4s" % smithy4sVersion.value,