All major US economic indicators have been released ahead of the Fed’s September 15-16 meeting, revealing a robust labor market with 162,000 jobs added in August, persistent inflation with CPI at 3.4% and PPI at 5.4%, and oil prices exceeding $100 per barrel. The probability of a 25 basis point rate hike has surged to 87%, up from 72% before the inflation data, which could weigh on risk assets like bitcoin. Bitcoin experienced significant volatility on Friday, swinging between $76,000 and nearly $80,000 before returning to its starting point.
Source: Read the original article
