AIFortuneabout 3 hours ago
Fed Hike Odds Jump as Core CPI Runs Hot
3 min read
Core consumer prices rose 0.3% in August, above the 0.2% expected, pushing traders to price an 85% chance of a quarter-point Fed hike next week under Chair Kevin Warsh. The 10-year Treasury yield climbed toward 5%, gasoline jumped 3.9%, and wireless telephone services surged 5.9%, the largest BLS increase ever recorded for that category.
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