Economy / Markets
US August CPI matches headline but core runs hotter, Fed rate-hike odds jump to 87 percent
The Bureau of Labor Statistics reported August consumer prices up 0.4 percent month-over-month and 3.4 percent year-over-year, matching consensus, while core CPI rose 0.3 percent against a 0.2 percent forecast. CME FedWatch showed the implied probability of a September Fed rate hike jumping to about 87 percent after the print, from 69 percent beforehand, with the 10-year Treasury yield above 4.97 percent.