Nine major Wall Street institutions now expect the Federal Reserve to raise its target rate by 25 basis points at the Sept. 16 decision. CME Fedwatch puts the probability of that move at 87.3%, up from 61.9% at the end of August, after August core CPI rose 0.3% month-on-month against a 0.2% consensus. Personal consumption expenditures inflation is running at 3.7%, while oil has moved back above $100 a barrel. The federal funds target currently stands at 3.50% to 3.75%. The Federal Open Market Committee (FOMC), the Fed body that sets interest rates, begins a two-day meeting on Sept. 15, the same day as the Senate's CLARITY Act cloture vote. Bitcoin rose above $79,000 before retreating toward $76,700 to $77,000 after more than $100 million in short positions were liquidated in 30 minutes. Analysts are watching the $79,500 to $80,000 area, where selling pressure has repeatedly emerged this month, while an inflation surprise earlier in September triggered $562 million in liquidations.