Bitcoin, ether rebound after August CPI matches forecasts as Fed hike odds climb
The U.S. consumer price index rose 0.4% in August and 3.4% from a year earlier, matching forecasts, while core CPI increased 0.3% month over month.
Bitcoin briefly traded as high as about $79,837 before settling near $77,800; ether moved above $2,500.
Market pricing of a 25-basis-point hike at the Sept. 16 FOMC meeting climbed into the mid-to-high 80% range after the print.
Energy, including a 3.9% monthly rise in gasoline, accounted for a...
