U.S. August CPI rises to 3.4%, Waller allows for either a pause or a hike in September
- —August CPI: +0.4% m/m and +3.4% y/y, core at +2.4% y/y
- —Gasoline rose 3.9% in the month, contributing more than a third of the monthly CPI increase
- —Waller: if disinflation continues, the 3.50-3.75% rate can be held
- —Probability of a September rate hike rose to about 70% before the CPI release
Why it matters: The outcome of the Fed's September 15-16 meeting will determine the trajectory of bitcoin and risk assets; the market is pricing in a rate hike.
Source: TokenPost