Fed funds futures were implying roughly a 71% chance of a 25 basis point hike before the release, and a core number above consensus removes the argument that underlying inflation is cooling on its own. Chair Kevin Warsh used his Jackson Hole speech last month to signal he was not ready to declare victory, and this print does nothing to change that. For Bitcoin, the levels flagged into the release were $76,500 to $77,000 as support, with a break opening a gap toward $72,000 to $74,000, and $78,700 then $79,600 as the reclaim levels on the other side.
September 11, 2026
What a Hot Core Print Means for a Market Already Pricing 71% Odds
Original reporting: Kiplinger ↗