US employers added 162,000 jobs in August against a consensus near 55,000, with a further 55,000 of upward revisions to June and July and unemployment holding at 4.1%. Traders read it as clearing the labor-market hurdle for a September hike, lifting CME FedWatch odds from roughly 49% the day before to about 60%. Bitcoin turned lower alongside gold and other high-beta assets as short-term yields and the dollar rose, after having reached $82,283 on September 3. Attention now shifts entirely to Friday's inflation print.
September 4, 2026
A 162,000-Job August Pushes Hike Odds to 60% and Bitcoin Turns Lower
Original reporting: CNBC ↗