CME FedWatch now prices a 58-60% probability of a 25bp Fed rate hike on Sept. 16, after August jobs data came in stronger than expected at 162K nonfarm payrolls with unemployment steady at 4.1%. CPI lands Friday and PPI on Thursday.
Matters because: a hawkish surprise could pressure risk assets broadly, while BTC has so far held just below $80K despite the shift.