Markets raised bets on a Fed rate hike at the Sep 15-16 meeting after a key inflation report showed US producer prices rose 5.4% YoY in the 12 months to August. Before the release, the implied probability of a 25bp hike was about 65%; CME Fed funds f

2026-09-10

Markets raised bets on a Fed rate hike at the Sep 15-16 meeting after a key inflation report showed US producer prices rose 5.4% YoY in the 12 months to August. Before the release, the implied probability of a 25bp hike was about 65%; CME Fed funds futures now price it at roughly 70%.