CPI inflation print lifts odds of next-week Fed rate hike
August CPI rose 3.4% year over year, matching the prior month and increasing traders’ odds of a Fed rate increase next week to above 80%.
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Hot U.S. jobs report lifts rate-hike odds, memory stocks rise 4%
Micron and SanDisk rose even after a stronger-than-expected U.S. August jobs report lifted Treasury yields and pushed September Fed hike odds above 50% on Polymarket.