Fed funds futures now imply roughly a 71% probability of a 25 basis point hike at the September 15-16 meeting, up from the 58% to 60% range earlier in the week. August headline CPI is forecast at 0.4% month over month and 3.4% year over year, with core at 0.2% and 2.4%. The market has already shown what it does with a hot number: Bitcoin dropped about $1,000 within minutes of Thursday's PPI release, which came in at 5.4% annually.