Finance

The August Consumer Price Index rose by 3.4% annually, meeting baseline economic projections while displaying a stickier underlying trend in core prices. In response to the data, market probabilities tracked by futures data saw the likelihood of a 25 basis-point rate hike at next week's policy meeting spike to nearly 90%.

Digital assets pulled back as Bitcoin fell below $77,000 and Ethereum slipped toward the $2,450 mark. The downturn follows a shift toward risk-off sentiment driven by elevated Treasury yields, rising interest rate expectations, and multi-million dollar net outflows from spot Bitcoin investment vehicles.

Crude futures retreated slightly from recent multi-month peaks, offering a brief reprieve to global energy markets. However, structural supply concerns persist following geopolitical flashpoints in the Middle East, including the closure of Saudi Arabia's East-West pipeline, which has kept Brent crude holding above $104 per barrel.