Morning Edition · Sunday, September 13, 2026Published at 1:57 AM EDT · New York

Rate Traders Put 85 Percent Odds on a September Hike as Bitcoin Holds Below $80,000

Gasoline drove most of August's headline inflation jump, but faster monthly core inflation kept the case for tightening alive ahead of Wednesday's Federal Reserve decision.

Interest-rate markets assign roughly 85 percent probability to a Federal Reserve increase at this week's meeting, according to CryptoSlate's reading of rate futures. August's headline consumer price index rise came mostly from gasoline, but…