U.S. inflation holds at 3.4% in August

S. 4% in August, matching the market consensus and remaining unchanged from July, the Bureau of Labor Statistics said Friday. 9% and accounting for over a third of the monthly increase. 5% and matched estimates.

2% expected, accelerating from July. The print lands with fed funds futures pricing roughly a 69% chance of a rate hike at next week's FOMC meeting, after Brent crude's surge above $105 and a 30-year Treasury yield at 2007 levels pushed markets to increase hike bets. 9% and accounting for more than a third of the entire monthly increase. 0% over the past year.

3% over 12 months. Travel was the other pressure point. 4% year-over-year, the largest annual increase of any major category outside energy. 8% in July.

2%. 3%. 3%, though the overall food-at-home index was flat. 6% and hospital services, physicians' services and prescription drugs all unchanged.

7% over the past year. 3% decline in July, extending a cooling trend in one of the categories that tormented households through the post-pandemic inflation surge. 2%, meaning the energy spike was confined almost entirely to the pump. 4% in July.

1% Source: Bureau of Labor Statistics Fed Hike Odds Climb To 79% Prediction market Polymarket now prices a 79% chance the Federal Reserve raises rates at next week's meeting, up from roughly 70% before the release. That would be the first hike of the cycle under new Chair Kevin Warsh, and it would come against a backdrop of Brent crude above $105 a barrel and a 30-year Treasury yield sitting at levels last seen in 2007. 49. 1%.

592%, below where it traded before the data and more than 5 basis points off its post-print high. 3% to $77,952. S. Dollar Index erased gains.

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