U.S. core CPI climbs 0.3% in August, topping estimates; markets price in near-certain Fed hike next week

U.S. core CPI rose 0.3% month over month in August, exceeding the 0.2% consensus forecast. The upside surprise pushed expectations for a Federal Reserve rate hike next week close to certainty. The 2-year Treasury yield jumped to 4.61%, while Bitcoin ($BTC) slipped to $77,600.