Wall Street Institutions Expect Fed Rate Hike on September 16

Nine Wall Street institutions, including Goldman Sachs, JPMorgan Chase, and UBS, expect the Federal Reserve to raise interest rates by 25 basis points on September 16. CME FedWatch data indicates an 87.3% probability for this hike. Following the release of US core CPI data, which rose 0.3% in August, Bitcoin briefly surpassed $79,000 before retreating to approximately $77,000.