Markets price in 91% probability of a Fed rate hike
- —Probability of a rate hike on September 16 is 90.7% according to CME FedWatch
- —August inflation was 3.4% year-on-year, PPI +5.4% year-on-year
- —August payrolls rose by 162,000 versus 21,000 in July
- —Economists expect at least one more hike through March 2027
Why it matters: Fed tightening weighs on risk assets and bitcoin, pushing up bond yields and borrowing costs.
Source: Yahoo Finance Crypto