Volatile job numbers, stubborn inflation and changes to the Fed’s communications style are all stirring up uncertainty in markets and raising the stakes for upcoming economic data releases — including this week’s inflation report.

Fed may hold rates steady after weak July jobs report. Rate hike by September at 35.5% YES.

The Fed's 9-3 split vote and 36% market odds of a September rate hike put the August CPI print at the center of macro and crypto risk sentiment.