Bitcoin is entering the final stretch before the Federal Reserve's September 15-16 FOMC meeting as interest-rate traders assign a 58.4% probability to a 25-basis-point increase, which would lift the federal funds target to 3.75% to 4.00%. August payrolls rose by 162,000 and unemployment held at 4.1%, while the latest annual all-items inflation reading was 3.4%, above the Fed's 2% target. The next CPI report, due Friday, is expected to shape the policy decision. UBS expects rate increases in September and December, while Macquarie moved its forecast for the first hike to September from December and anticipates another increase in the first quarter of 2027. Bank of America said a monthly core PCE reading of at least 0.24% could push September hike odds above 50%. Bitcoin previously fell $2,000-$3,000 after the jobs data and Kevin Warsh's remarks before stabilizing near $80,000, with higher Treasury yields posing a potential headwind for risk assets. President Donald Trump and Vice President JD Vance have publicly pressed the Fed to lower rates, adding political pressure as Warsh emphasizes inflation risks and a data-dependent policy stance. Treasury Secretary Scott Bessent has used Treasury buybacks in recent weeks, an effort that higher long-term yields could undermine.