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Fed Rate Hike Risks Surge to 60% Ahead of Crucial August CPI Data

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The Story

News Summary

  • Anticipation of a Federal Reserve rate hike intensifies ahead of August CPI and PPI data releases.
  • Following a resilient jobs report and hawkish commentary from Fed officials, market odds for a 25-basis-point rate hike have climbed to nearly 60%, fueling volatility across equities, gold, and currencies.
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XAUUSD price history

4408.90 -4.49% over the displayed period

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