September rate hike odds jump to 87%
Interest-rate futures place September hike odds at 87%, up from 72% the prior day, with year-end odds at 97%.
Interest-rate futures now put the odds of a September rate hike at 87%, up from 72% yesterday. Today's inflation reading matched expectations, while fuel prices remain elevated. The probability of at least one interest rate hike by year-end is now 97%, compared with 94% a day earlier. The FOMC…