Bitcoin, ether and XRP are trading in narrow ranges as investors await the final major U.S. inflation readings before the Federal Reserve’s September 15-16 policy meeting. At 6:45 a.m. UTC on September 8, Bitcoin traded near $78,500, ether near $2,470 and XRP at $1.39, according to aggregated CoinGecko data. The August Producer Price Index is due at 8:30 a.m. Eastern Time on Thursday, September 10, followed by the Consumer Price Index and real earnings at the same time on Friday, September 11. The Federal Open Market Committee (the Fed’s rate-setting panel) will announce its decision and publish a new Summary of Economic Projections on September 16. The committee held its federal funds target at 3.5% to 3.75% at its July 28-29 meeting by a 9-3 vote, while three members favored tighter policy. August employment data showed 162,000 nonfarm payroll gains, a 4.1% unemployment rate and average hourly earnings growth of 0.3% monthly and 3.1% annually. July CPI rose 0.1% monthly and 3.4% annually, while core CPI, which excludes food and energy, increased 0.2% monthly and 2.5% annually. Governor Christopher Waller said September 3 that continued disinflation would incline him toward holding rates, while a hot August inflation reading could lead him to consider a hike. Futures pricing reflected a live possibility of a 25-basis-point increase after the payrolls report. A hotter inflation surprise could lift front-end yields and pressure crypto ranges, while a softer reading could support the assets; an in-line core reading could leave current trading ranges intact.