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Oil tops $100 and inflation fears fuel higher odds of a Fed rate hike

1 min read
Source: CNBC
Oil tops $100 and inflation fears fuel higher odds of a Fed rate hike
Photo: CNBC
TL;DR Summary

Markets have priced in a 70% chance of a Federal Reserve rate increase next week after August PPI rose and oil moved above $100, with traders also eyeing a possible second hike by year‑end amid stubborn inflation signals, ahead of the CPI data and the Fed’s preferred PCE inflation gauge.

Topics:business#business#fed#inflation#markets#monetarypolicy#oilprices
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  1. The likelihood of a Fed interest rate hike next week just got a lot higher  CNBC
  2. A Tiny Shift in the Inflation Rate Could Decide the Fed’s Next Move  WSJ
  3. Fed, eyeing inflation data, may lean toward a hike, traders bet  Reuters
  4. What a Fed Rate Hike Actually Means for the US Economy and Inflation  Bloomberg.com
  5. Fed's interest rate decision may come down to hair-splitting inflation data  Axios

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