The August U.S. CPI inflation report came in line with expectations, sparking a rebound in the Bitcoin price. However, the market still prices in a Fed rate hike next week, with the odds of a hike rising after the inflation report. Bureau of Labor Statistics data shows that the Consumer Price Index rose 3.4% year-over-year (YoY) in August, in line with expectations. Month over month (MoM), the U.S. CPI rose 0.4%, also in line with expectations.