Economy / Markets
Reuters: Fed seen likely to hike rates next week after inflation print stays sticky
Reuters reported that Federal Reserve rate futures are pricing about an 85 percent chance of a quarter-point hike at the September 15-16 FOMC meeting following Friday's hotter-than-expected core CPI reading. Core CPI rose 0.3 percent month-over-month against a 0.2 percent consensus, while headline CPI matched the 0.4 percent forecast, keeping inflation above the Fed's 2 percent target.