Fed Rate Hike Odds Swing Market Expectations Ahead of Key Dates

Bitcoin's price has been stuck in a range below $80,000 for some time now. Three key dates are upcoming that could break this pattern.

The first date is September 10th, when US weekly jobless claims will be announced. The second is September 11th, when the consumer price index (CPI) for August will be published. Finally, on September 15-16, the Federal Open Market Committee (FOMC) will meet and make a rate decision.

The upcoming announcements could shift market expectations about a potential interest rate hike by the Fed. If job data and CPI numbers indicate a higher chance of inflation, it may increase the likelihood of a rate hike.