Core inflation in the US ran above forecasts in August. Bond yields climbed to a 22-year high. That followed the stronger reading. Treasuries dropped after the core CPI came in hotter than expected. Markets now fully price in a rate hike from the Federal Reserve.
Bitcoin briefly pushed toward $80,000. Then it gave back those early gains. High inflation keeps pressure on the Fed to raise rates. Analysts are weighing the August report. They are looking at what it means for future policy. The report makes the case for tighter monetary policy stronger.