Markets Lean Hawkish as PPI Beats Expectations, 61% Hike Odds
TL;DR Summary
August PPI rose 5.4% year-over-year (0.4% month), sending Polymarket odds of a 25bp Fed hike on Sept. 16 up to 61% and flipping the base case to a hike; energy prices and upstream inflation keep pressure in the pipeline as traders await CPI data and watch an elevated front-end yield curve.
- Fed Rate Hike Odds Rise to 61% After PPI Comes in Hotter than Expected Yahoo Finance
- The likelihood of a Fed interest rate hike next week just got a lot higher CNBC
- Something is shifting in the inflation picture Stay-At-Home Macro
- A Tiny Shift in the Inflation Rate Could Decide the Fed’s Next Move WSJ
- The CPI report arrives tomorrow. It could determine whether the Fed hikes rates next week. CBS News
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