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Fed Rate Hike Odds Jump to 63% Ahead of Crucial August CPI Print

Benzinga Prediction Markets Read original source (opens in a new tab)
The Story

News Summary

  • The upcoming August CPI print could determine the Fed's next interest rate decision after hot PPI data pushed hike odds to 63%.
  • With Treasury yields approaching 4.9%, a core inflation reading of 0.3% would strongly bolster the case for a September hike, pressuring risk assets.
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